ON Semiconductor and PowerSphyr Inc. have come together to form an alliance in order to develop and market one of the industry’s most promising wireless power solutions for the consumer electronic devices and the fast-growing IoT space.  As per the agreement, ON Semiconductor is required to integrate its efficient power management components with PowerSphyr’s wireless power transfer (WPT) technology. It combines near-field and far-field wireless charging so as to create a new class of chipsets targeted at Original Equipment Manufacturers (OEMs).