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ON Semiconductor to Expand Manufacturing Facility in Pocatello, Idaho

^{Published on 2010-06-04 12:25:20 - Market Wire}
 

PHOENIX--([ BUSINESS WIRE ])--ON Semiconductor (Nasdaq: [ ONNN ]), a premier supplier of high performance, energy efficient silicon solutions for green electronics, today announced plans to add $11 million in production equipment to its eight-inch Pocatello, Idaho, wafer manufacturing facility.

"Having weathered the economic storm brought on by the recession, we are now focused on moving forward to address the increased demand and opportunities in the semiconductor market"

The company plans to begin installing additional equipment at its Fab 10 manufacturing facility in Pocatello beginning immediately and expects to realize increased capacity and product production for customers by the end of the year. This capital investment further secures current jobs at the Pocatello facility, will lead to some additional hiring, and is a key indicator of ON Semiconductora™s commitment to its operations in Pocatello.

aHaving weathered the economic storm brought on by the recession, we are now focused on moving forward to address the increased demand and opportunities in the semiconductor market,a said Chuck Spinner, ON Semiconductor vice president of eight-inch manufacturing operations at the Pocatello facility. aExpansion in Idaho is part of the companya™s overall strategy to maximize its in-house manufacturing capabilities to address increased customer demand. This is positive news for our employees, for the Pocatello community, and for our global customers.a

According to John Spicer, ON Semiconductora™s Pocatello site manager, governmental incentives provided by the Idaho governora™s office, the Idaho Department of Commerce, the City of Pocatello, Bannock County and the Bannock Development Corporation all played a role in the companya™s decision to invest and expand its operation in Pocatello.

ON Semiconductora™s [ Pocatello facility ] currently employs approximately 630 people in its manufacturing and business operations. The local Pocatello campus houses Fab 10, an eight-inch wafer production facility specializing in the manufacture of application specific integrated circuits (ASICs) and standard products for the automotive, medical, industrial and mil/aero markets.

For more information, visit [ www.onsemi.com ].

About ON Semiconductor

ON Semiconductor (Nasdaq: ONNN) is a premier supplier of high performance, energy efficient, silicon solutionsfor green electronics. The company's broad portfolioof power and signal management, logic, discrete and custom devices helps customers to quickly and cost-effectively solve their unique design challengesin [ automotive, communications, computing, consumer electronics, LED lighting, medical, industrial, military/aerospace and power applications ].ON Semiconductor operates aworld-class, value-added supply chain 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. Although the company references its Web site in this news release, such information on the Web site is not to be incorporated herein.