What does OEM stand for?
OEM refers to a company that produces components or products that are used as part of another company's final product. The OEM typically manufactures these components or products based on the specifications and requirements provided by the purchasing company. The purchasing company then uses these OEM components or products to assemble or integrate them into their own finished products, which are ultimately sold to end-users under their own brand name. OEMs play a crucial role in various industries, including automotive, electronics, computer hardware, and telecommunications, among others.