ON Semiconductor & Pony.ai Team Up To Boost Machine Vision
Zacks Investment Research | Jan 06, 2020 09:06PM ET
ON Semiconductor (NASDAQ:ON) announced its partnership with Pony.ai — a leading autonomous driving technology company — to develop next-generation image sensing and processing technologies for machine vision.
The companies will work together to make advancements in imaging technologies for autonomous vehicles. Further, the collaboration is likely to aid in the development of solutions for enhancing reliability and scalability of mass-produced autonomous vehicles.
Hyundai-backed Pony.ai is a pioneer in autonomous mobility deployment in the United States and China. Notably, the company was the first to roll out daily robotaxi operation in China. It was also the first company to offer robotaxi service — BotRide — in California.
Collaboration is a Prudent Move
Technology companies have been competing with each other for developing advanced machine vision systems for autonomous vehicles. Markedly, the camera is considered a vital component for sensing in the autonomous vehicle technology.
In fact, image sensors along with processors in cameras are capable of generating significant information for ML applications such as self-driving vehicles.
ON Semiconductor is known for its expertise in image sensing and processing. It boasts innovative solutions and products in imaging, radar, LiDAR and ultrasonic sensing. In fact, it offers all four sensor modalities that are vital components in autonomous driving’s perception systems.
By utilizing Pony.ai’s extensive knowledge in autonomous driving, ON Semiconductor strives to expand its presence in the autonomous vehicles space.
Moreover, the companies will work to enhance perceptional capabilities of autonomous vehicles and accelerate industrialization of self-driving technologies.
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