Focus on establishing supportive ecosystem for silicon solution startups
Phoenix, AZ & Silicon Valley, CA (November 8, 2017) - In a drive toward assuring the next generation of innovation in the digital world, ON Semiconductor Corporation (NASDAQ: ON), driving energy efficient innovations, has joined the network on corporate affiliates of Silicon Catalyst, the global incubator focused exclusively on solutions in silicon. This relationship provides further commitment to the development of a supportive ecosystem for semiconductor start-ups and commitment to silicon innovation.
The ecosystem provides ON Semiconductor with early access to the innovative Portfolio Companies of Silicon Catalyst and the opportunity to consult with Silicon Catalyst in the pursuit of startups that align with ON Semiconductor's current and future focus markets.
"ON Semiconductor's recent growth has been fueled by the cultivation of strategic business and technologies, complimentary to areas where we are innovating," said Mamoon Rashid, senior vice president of strategic business ventures at ON Semiconductor. "The need for a strong ecosystem for the development of new semiconductor companies and their innovations is clear. ON Semiconductor is excited to participate in the Silicon Catalyst ecosystem, both gaining access to early silicon innovations as well as provide guidance and intellectual resources needed to support ongoing development in the semiconductor industry."
"Joining forces with ON Semiconductor will accelerate the development of the ecosystem for the next generation of innovation in silicon," said Nick Kepler, managing partner at Silicon Catalyst. "The insight and real world experience that ON Semiconductor will provide to us and to our Portfolio Companies will be invaluable. We've already seen a great impact from ON Semiconductor, and our other partners, as the outlook for semiconductor startups today is the best it has been in the past decade, and continues to improve."
In the past 24 months, Silicon Catalyst has screened well over 100 start-ups from the U.S., Europe, and Asia. The 12 startups admitted to the incubator are developing innovations in LED, energy, silicon photonics, memory technology, wireless communications, and biomedical devices.
"These 12 start-ups are proof that the semiconductor start-up ecosystem is thriving, and there is no lack of great ideas and inspiration," added Lazansky.
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.
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.
About Silicon Catalyst:
Silicon Catalyst is the only incubator focused exclusively on solutions in silicon, building a coalition of in-kind and strategic partners to dramatically reduce the cost and complexity of development. With a world-class network of mentors to advise startups, Silicon Catalyst is helping startups address challenges moving from idea to realization. The incubator/accelerator supplies startups with facilities, a path to funding, tools, networking and marketing acumen to successfully launch their companies' novel technology solutions. Silicon Catalyst was the recipient of the prestigious 2015 ACE Award for Start-Up Company of the Year. For more information, please visit www.siliconcatalyst.com