onsemi Enhances Intelligent Sensing Portfolio with Acquisition of SWIR Vision Systems

Rhea-AI Summary

onsemi has acquired SWIR Vision Systems to enhance its intelligent sensing product portfolio. SWIR Vision Systems specializes in CQD® short wavelength infrared technology, extending the detectable light spectrum for advanced imaging capabilities. This acquisition will integrate SWIR's patented technology with onsemi's CMOS sensors, creating cost-effective, high-volume SWIR sensors for industrial, automotive, and defense applications.

SWIR technology, traditionally by high costs and complex manufacturing, will now benefit from onsemi's expertise, resulting in more compact and affordable imaging systems. The acquisition will not significantly impact onsemi's near to midterm financial outlook.

Positive

• The acquisition enhances onsemi's intelligent sensing portfolio by integrating CQD® SWIR technology.
• Expected to create cost-effective, high-volume SWIR sensors by combining CQD and CMOS technologies.
• Potential growth in key markets like industrial, automotive, and defense.
• SWIR sensors provide advanced imaging capabilities, useful in various applications including surveillance, inspection, and autonomous vehicles.

Negative

• The acquisition is not expected to impact onsemi's near to midterm financial outlook, indicating no immediate financial benefit.

Tech Expert

The acquisition of SWIR Vision Systems by onsemi is a significant development for the imaging technology sector. The integration of SWIR's colloidal quantum-dot-based (CQD) technology with onsemi's CMOS sensors represents a major leap in imaging capabilities. This combination allows for detection of a broader spectrum of light, which enhances visibility in challenging conditions like extreme darkness or dense fog. This technology has the potential to revolutionize industries like autonomous vehicles, industrial surveillance and machine vision imaging, making systems more efficient and reliable.

Furthermore, the shift from traditional indium gallium arsenide (InGaAs) processes to more cost-effective silicon-based CMOS manufacturing could democratize SWIR technology, making it more accessible and scalable. This is especially relevant as the high costs and manufacturing complexities of InGaAs have been a barrier to wider adoption. With onsemi's manufacturing expertise, the scalability and cost-effectiveness of SWIR sensors are expected to improve significantly.

For investors, this acquisition is a strategic move that positions onsemi as a leader in intelligent sensing technology. The potential for new applications and markets could drive long-term growth, although the immediate financial impact is expected to be minimal. It’s important to monitor how effectively onsemi integrates this technology and expands its market reach.

Market Research Analyst

The acquisition of SWIR Vision Systems by onsemi is a smart strategic move that showcases the company’s commitment to enhancing its intelligent sensing portfolio. SWIR technology has traditionally been hindered by high costs and challenging manufacturing processes, limiting its adoption. However, by leveraging onsemi's silicon-based CMOS sensor manufacturing capabilities, the company can reduce costs and increase production volumes, making SWIR technology more accessible.

This acquisition opens up new revenue streams for onsemi across various sectors, including industrial, automotive and defense. In particular, the ability to see through dense materials and challenging environments is a game changer for industries like food inspection and machine vision imaging. The technology's application in autonomous vehicles could also help onsemi capitalize on the growing demand in the automotive market.

While the acquisition may not have an immediate financial impact, the long-term growth prospects are promising. The successful integration of SWIR Vision Systems into onsemi's operations and product offerings will be key. Investors should watch for updates on new product releases and market penetration strategies to gauge the acquisition's success.

Strategic addition will expand depth perception and 3D imaging capabilities for next-generation imaging systems

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- As part of onsemi’s continuous drive to provide the most robust, cutting-edge technologies for intelligent image sensing, the company announced today it has completed the acquisition of SWIR Vision Systems^®. SWIR Vision Systems is a leading provider of CQD^® (colloidal quantum-dot-based) short wavelength infrared (SWIR) technology – a technology that extends the detectable light spectrum to see through objects and capture images that were not previously possible. The integration of this patented technology within onsemi’s industry-leading CMOS sensors will significantly enhance the company’s intelligent sensing product portfolio and pave the way for further growth in key markets including industrial, automotive and defense.

CQD uses nanoparticles or crystals with unique optical and electronic properties that can be precisely tuned to absorb an extended wavelength of light. This technology extends the visibility and detection of systems beyond the range of standard CMOS sensors to SWIR wavelengths. To date, SWIR technology has been limited in adoption due to the high cost and manufacturing complexity of the traditional indium gallium arsenide (InGAas) process. With this acquisition, onsemi will combine its silicon-based CMOS sensors and manufacturing expertise with the CQD technology to deliver highly integrated SWIR sensors at lower cost and higher volume. The result are more compact, cost-effective imaging systems that offer extended spectrum and can be used in a wide array of commercial, industrial and defense applications.

These advanced SWIR sensors are able to see through dense materials, gases, fabrics and plastics, which is essential across many industries, particularly for industrial applications such as surveillance systems, silicon inspection, machine vision imaging and food inspection. In autonomous vehicle imaging, the higher spectra will create better visibility to see through difficult conditions such as extreme darkness, thick fog or winter glare.

SWIR Vision Systems is now a wholly owned subsidiary of onsemi, with its highly skilled team being integrated into the company’s Intelligent Sensing Group. The team will continue to operate in North Carolina. The acquisition is not expected to have any meaningful impact on onsemi’s near to midterm financial outlook.

More Information: onsemi Intelligent Sensing

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner and smarter world. onsemi is recognized as a Fortune 500^® company and included in the Nasdaq-100 Index^® and S&P 500^® index. Learn more about onsemi at www.onsemi.com.

onsemi and the onsemi logo are 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240702703913/en/

Krystal Heaton

Director, Head of Public Relations

onsemi

(480) 242-6943

Krystal.Heaton@onsemi.com

Parag Agarwal

Vice President - Investor Relations & Corporate Development

onsemi

(602) 244-3437

investor@onsemi.com

Source: onsemi

FAQ

What is the significance of onsemi's acquisition of SWIR Vision Systems?

The acquisition enhances onsemi's intelligent sensing portfolio by integrating SWIR Vision Systems' CQD® short wavelength infrared technology with onsemi's CMOS sensors, creating advanced and cost-effective imaging solutions.

How will the acquisition of SWIR Vision Systems affect onsemi's financial outlook?

The acquisition is not expected to have any meaningful impact on onsemi's near to midterm financial outlook.

What applications will benefit from onsemi's new SWIR sensors?

Applications benefiting include industrial surveillance systems, silicon inspection, machine vision imaging, food inspection, and autonomous vehicle imaging.

How does the CQD® technology from SWIR Vision Systems enhance imaging capabilities?

CQD® technology extends the detectable light spectrum, allowing systems to see through dense materials, gases, fabrics, and plastics, which is beneficial for various industrial and automotive applications.