ON Semiconductor (Nasdaq: ON) is collaborating with Optimal Plus to gather, analyze and build actionable insights out of the company's manufacturing data. As a leading supplier to the automotive industry, ON Semiconductor is pioneering innovative technologies that enable all aspects of automated driving and vehicle electrification. The company is also committed to developing the semiconductor technology capable of supporting the rigors of IoT and empowering businesses to capitalize on their investments to drive profitability and ultimately success.
Following an initial pilot project that demonstrated new levels of control and visibility into the company's manufacturing operations, ON Semiconductor and Optimal Plus will further leverage their solutions to connect the ON Semiconductor global manufacturing footprint as demand continues to grow for the company's complementary metal oxide semiconductor (CMOS) and charge-coupled device (CCD) image sensors and other technologies that are powering disruptive applications in strategic growth markets.
"Demand for power products for automotive applications continues to grow. With an expansive portfolio for power and automotive applications, we continue to see strong growth in our power related revenue for automotive applications," said Mark Goranson, ON Semiconductor senior vice president manufacturing. "With a broad range of power products for a complete spectrum of voltages starting from low voltage to high voltage, we also have one of the most comprehensive portfolios of power devices and modules. Partnering with Optimal Plus is a key element to enable the shift from detect to predict and eventually prevent."
"The Intelligent Sensing Group within ON Semiconductor is innovating vision beyond the human eye and holds imaging and technology leadership in automotive, space, industrial and medical mission-critical market segments," said Mitch Mooney, general manager of ON Semiconductor Nampa, Idaho operations. "Optimal Plus provides advanced analytics with real-time visibility of our test operations through their leading-edge software that enables big data analysis of all our test parameters. We expect significant benefits in capital efficiency, yield enhancements and quality improvements."
ON Semiconductor is deploying Optimal Plus solutions to provide increased visibility into their manufacturing processes, from e-test to wafer sort, and final test including communication between geographically-dispersed semiconductor teams. The solution includes deep, multi-stage product analytics for near real-time response capabilities. A core element of the deployment will be enabling ON Semiconductor to lower their Defective Parts Per Million (DPPM) rates to the single digit range.
"The Optimal Plus platform was designed to deliver the actionable insights that ON Semiconductor requires to intelligently adapt operations to increase product yield, quality and productivity," said Dan Glotter, Optimal Plus Founder and CEO. "Together, ON Semiconductor and Optimal Plus are demonstrating how operations optimization is keeping manufacturers ahead of an increased adoption of Industrial IoT, electric vehicles, machine vision and other disruptive applications in automotive and industrial end markets."
About Optimal Plus
Optimal Plus is the established leader of lifecycle analytics for the electronics industry and its entire supply chain. The Optimal Plus open platform pairs unprecedented visibility into the entire electronics supply chain, with advanced data science and domain expertise. This unique platform enables Optimal Plus customers to enhance their production metrics and ensure overall product reliability. Optimal Plus is trusted by many of the world's leading electronics players, including Qualcomm, NXP, and Nvidia. Optimal Plus has offices in Asia, Europe, the United States and Israel. For more information, visit http://www.optimalplus.com. Follow us on Twitter @OptimalPlus.
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.
This document contains "forward-looking statements," as that term is defined in Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, in this document could be deemed forward-looking statements, particularly statements about the demand for image sensors, power products, and products for automotive applications and statements about yield, quality, and productivity improvements. 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. All forward-looking statements in this document are made based on our current expectations, forecasts, estimates and assumptions and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Factors that could affect our future results or events are described under Part I, Item 1A "Risk Factors" in our 2017 Annual Report on Form 10-K filed with the Securities and Exchange Commission ("SEC") on February 21, 2018 ("2017 Form 10-K") and from time-to-time in our other SEC reports. Readers are cautioned not to place undue reliance on forward-looking statements. We assume no obligation to update such information, except as may be required by law. You should carefully consider the trends, risks and uncertainties described in this document, our 2017 Form 10-K and other reports filed with or furnished to the SEC before making any investment decision with respect to our securities.
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