Phoenix, Arizona, August 5, 1999 - With the flip of a switch, Steve
Hanson, President of the largest manufacturer of discrete, standard
analog and standard logic semiconductor components, turned on a new company
today. At a press conference held at the company's headquarters in Phoenix,
Ariz., Hanson symbolically used the switch to reveal ON Semiconductor,
the new name and corporate identity of a former division of Motorola, which
was acquired by Texas Pacific Group under terms announced by the parent
company on August 5.
Hanson noted that the name ON Semiconductor conveys the sense of an
electrifying event, while at the same time represents the simplicity and
pervasiveness of the company's products. "We are committed to providing
our customers with the highest quality power and interface components at
competitive prices with the most reliable delivery and ease of purchase,
" Hanson said. "We are eliminating any possible reason for the customer
to buy from other suppliers."
Initiated in March 1998, a focused strategy coupled with global joint
ventures and a manufacturing restructuring process has positioned ON Semiconductor
to maximize its success in leading the world in supplying high volume power
and interface components. ON Semiconductor has developed focused joint
ventures with: Leshan, China, focusing on small signal products; Roznov
in the Czech Republic, focusing on supplying both raw silicon wafers and
low cost analog technologies; and Piestany, Slovakia, focusing on power
TMOS and metal gate logic families. These joint ventures complement ON
Semiconductor's diverse global organization and enhance its ability to
provide faster cycle times and speed development of new products in battery
management, portable and networking applications.
In addition to a quality, low-cost manufacturing approach, ON Semiconductor
has deployed a dedicated sales force to assist development engineers and
purchasing agents that work under pressure with little time to spend on
the semiconductor components needed to complete their product designs.
Through the combined effort of the OEM sales force, distribution and Electronic
Manufacturers Service Industry (EMSI), ON Semiconductor serves its customers
in an efficient manner and pursues service excellence.
Roy Vallee, chief executive officer and chairman of the board of AVNET
described ON Semiconductor as: "A company being built on a heritage of
leadership and pervasiveness. As ON Semiconductor's largest distribution
partner we will continue to service the right markets for strong growth
based on the long established reputation of the company and its history
of quality products."
David Stanton, partner, Texas Pacific Group also commented: "We are
extremely excited about the prospects for this new company. Everyone affiliated
with this former division of Motorola, especially customers, employees,
and suppliers, will have the best of both worlds: the great history of
Motorola's support and, now, the focused competitiveness of a new, growing,
To complement the new name, the company also unveiled a new logo: a
green icon that resembles an "on" button emphasizes ON Semiconductor's
expertise in creating the products that turn on technology and connect
it to your world.
About ON Semiconductor
ON Semiconductor, formerly a division of Motorola, is the world's leading
supplier of analog, logic and discrete semiconductor components with shipments
of 15 billion units in 1998 totaling $1.5 billion in sales. These power
and interface products are an integral part of electronics that provide
the security, convenience and entertainment in today's world.
About Texas Pacific Group
Texas Pacific Group, formed in 1993, is sponsor of TPG Partners II,L.P.,
of Fort Worth, a private investment partnership with capital of approximately
$2.5 billion. TPG's principals include David Bonderman, James G. Coulter,
and William S. Price. The partnership and its principals have completed
significant investments in technology and telecommunications (Paradyne,
ZiLOG, GlobeSpan Semiconductor, GT Com, Landis & Gyr Communications),
food and beverage products (Beringer Wine Estates, Del Monte Foods), retail
(J. Crew), healthcare services (Oxford Health Plans) and airlines (Continental,
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