Meaning of the word OEM in English

What does OEM mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

OEM

US /ˌoʊ.iːˈem/
UK /ˌəʊ.iːˈem/
"OEM" picture

Abbreviation

a company that produces parts and equipment that may be marketed by another manufacturer

Example:
Many car manufacturers rely on OEM suppliers for various components.
The company specializes in providing OEM solutions for electronics.