Positions the company to deliver advanced solutions products for
automotive, medical, industrial and consumer markets
PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (Nasdaq: ON),
driving energy efficient innovations, today announced its acquisition of
SensL Technologies Ltd. (“SensL”). The acquisition is expected to be
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immediately accretive to ON Semiconductor’s non-GAAP earnings per share.
SensL, based in Ireland, is a technology leader specializing in Silicon
Photomultipliers (SiPM), Single Photon Avalanche Diode (SPAD) and LiDAR
sensing products for automotive, medical, industrial and consumer
markets. This acquisition positions ON Semiconductor to extend its
market leadership in automotive sensing applications for ADAS and
autonomous driving with expanded capabilities in imaging, radar and
LiDAR. By combining this acquisition in Ireland with previously acquired
radar technology and design centers in Israel and United Kingdom, ON
Semiconductor is uniquely positioned to provide a comprehensive set of
sensor solutions for next generation highly autonomous vehicles and to
solidify its position as a leader in image sensing and ultrasonic park
assistance. In the second half of 2018, ON Semiconductor is planning to
introduce samples to the market which incorporate technology from the
radar assets acquired in 2017.
“The entire SensL team, founded by Carl Jackson and led by Bryan
Campbell, have done a great job in bringing SiPMs to market and we look
forward to expanding their market success and continuing their product
portfolio in LiDAR, medical imaging and radiation detection,” said Taner
Ozcelik, senior vice president and general manager Image Sensor Group.
“The automotive sensor fusion demand is growing at an accelerated pace
with a need for additional sensor technologies that are provided by the
SensL team. Expanding our sensor technology assets and design capacity
in Ireland will allow us to extend our leadership in established
segments and to deliver new, world-class solutions for emerging
segments.”
The SensL team will report directly into the Image Sensor Group. The
team is located in Cork, Ireland and expands a global sensor design
footprint that now includes major locations in the United States, UK,
Japan, India, Israel, and Ireland.
SensL is a leader today in the new frontier of medical imaging with
broad product lines around SiPM and SPAD technologies which pave the way
towards affordable solid state LiDAR. The company has been a leader in
the emerging field of automotive LiDAR with multiple customers and
strong roadmap based on their leading SPAD and SiPM based depth sensing
technologies. SensL has been a leader in these depth sensing
technologies with deep investments in research and development for the
past 15 years. The technology is based on CMOS, which provides the
economies of scale for cost effective solid state LiDAR solutions and
enables leading depth accuracy, distance and power consumption for
challenging imaging situations. These depth sensing technologies also
enables advances in industrial robotics, machine vision, drones as well
as mobile and other consumer applications. Additionally, complementing
SensL’s sensors with the expanded ON Semiconductor portfolio and
strength in ASICs, ON Semiconductor will be able to provide more
complete and optimized solutions to its broad customer base in
automotive, medical, industrial and consumer markets.
This acquisition solidifies ON Semiconductor as a leader in sensing
solutions for autonomous driving and ADAS applications, with a
comprehensive portfolio of imaging, radar, ultrasound and LiDAR
technologies.
About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient innovations,
empowering customers to reduce global energy use. The company is a
leading supplier of semiconductor-based solutions, offering a
comprehensive portfolio of energy efficient power management, analog,
sensors, logic, timing, connectivity, discrete, SoC and custom devices.
The company’s products help engineers solve their unique design
challenges in automotive,
communications, computing, consumer, industrial, medical, aerospace and
defense applications. ON Semiconductor operates a responsive,
reliable, world-class supply chain and quality program, a robust
compliance and ethics program, and a network of manufacturing
facilities, sales offices and design centers in key markets throughout
North America, Europe and the Asia Pacific regions. For more
information, visit http://www.onsemi.com.
Follow @onsemi
on Twitter.
ON Semiconductor and the ON Semiconductor logo are registered
trademarks of Semiconductor Components Industries, LLC. All other brand
and product names appearing in this document are registered trademarks
or trademarks of their respective holders. Although the company
references its website in this news release, information on the website
is not to be incorporated herein.
Cautions regarding Forward-Looking Statements
This document contains forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These
forward-looking statements include, but are not limited to, statements
related to the consummation and benefits of the acquisition by ON
Semiconductor Corporation (“ON Semiconductor”) of SensL and the future
financial performance of ON Semiconductor. Forward-looking statements
are often characterized by the use of words such as “believes,”
“estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,”
or “anticipates,” or by discussions of strategy, plans or intentions.
These forward-looking statements are based on information available to
us as of the date of this release and current expectations, forecasts,
and assumptions and involve a number of risks and uncertainties that
could cause actual results to differ materially from those anticipated
by these forward-looking statements. Such risks and uncertainties
include a variety of factors, some of which are beyond our control. In
particular, such risks and uncertainties include, but are not limited
to: difficulties encountered in integrating SensL; difficulties
leveraging desired growth opportunities and markets; the prospect that
automotive, medical, industrial and consumer sensor markets will not
grow as rapidly as currently anticipated; the variable demand and the
aggressive pricing environment for semiconductor products; the cyclical
nature of the semiconductor industry; the adverse impact of competitive
product announcements; revenues and operating performance; changes in
demand for our products; technological and product development risks;
litigation, including with respect to intellectual property matters; and
availability of raw materials. Information concerning additional factors
that could cause results to differ materially from those projected in
the forward-looking statements is contained in ON Semiconductor’s Annual
Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on
Form 8-K and other of ON Semiconductor’s filings with the Securities and
Exchange Commission. These forward-looking statements are as of the date
hereof and should not be relied upon as representing our views as of any
subsequent date, and we do not undertake any obligation to update
forward-looking statements to reflect events or circumstances after the
date they were made, except as may be required by law. For additional
information, visit ON Semiconductor’s corporate website, www.onsemi.com,
or for official filings visit the SEC website, www.sec.gov.
Contacts
ON Semiconductor
Kris Pugsley
Corporate
Communications / Media Relations
(312) 909-0661
or
Parag
Agarwal
Vice President Investor Relations and Corporate
Development
(602) 244-3437