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Top consumer electronics supplier and leading power management solutions supplier work jointly to develop power-efficient applications for LCD TVs, plasma TVs, set-top boxes and air conditioners

MIANYANG, China – May 18, 2006 – Changhong Group, a world renowned consumer electronics solutions and services supplier, and ON Semiconductor (Nasdaq: ONNN), a leading global supplier of advanced power management solutions, today announced that they have teamed up to pursue early opportunities the industry offers in consumer and energy-saving power applications.

As a significant step of the partnership, the two companies have inaugurated a joint power laboratory. The Changhong-ON Semiconductor Power Joint Lab is located at Changhong’s headquarters in Mianyang, Sichuan Province, western China. The new lab further demonstrates ON Semiconductor’s commitment to the development of power solutions in partnerships with China.

By leveraging ON Semiconductor’s strengths, expertise and experience in power management solutions, the joint lab will enabe the two companies to collaborate on efficient power management solutions for LCD TVs, plasma TVs, set-top boxes and air conditioners. ON Semiconductor’s power devices designed into Changhong’s broad range of product lines include pulse-width modulation (PWM) controllers, power factor correction (PFC) and rectifiers.

“China has been committed to sustainable development in the country with high efficiency and low power consumption,” said David Chow, ON Semiconductor vice president of Sales for Asia Pacific. ” At ON Semiconductor, we are developing and providing high performance power management solutions that save energy, minimize component space, reduce heat, bring down operational cost and prolong device lifecycle. The joint lab with Changhong will enable us to further develop highly efficient and energy-saving power solutions for increasingly sophisticated and feature-rich consumer electronics.”

Changhong is a top brand in consumer electronics both at home and abroad, with an annual sales volume of tens of million units of color television sets. As the company continues to innovate and move away from its reliance on color TVs, Changhong has recognized that power management is one of the key technology enablers for future success.

“As a leading consumer electronics manufacturer in both China and the world market, the significance of power efficiency is obvious to us, and the establishment of a power joint lab with ON Semiconductor could not be more timely,” said Liang Bai-ke, general manager of Changhong Component Division.

“Changhong’s power applications leadership, coupled with ON Semiconductor’s power solutions that meet or exceed increasingly stringent domestic and international regulatory standards, will sharpen Changhong’s competitive edge to explore extra miles in global market,” said Liang.

ON Semiconductor is one of the world’s top 10 suppliers of power management devices, with portfolios of both analog products and integrated power products. The company’s presence in China includes design centers in Hong Kong and Shanghai, and a manufacturing joint venture at Leshan in Sichuan Province, western China. ON Semiconductor has also been working closely with the China Standard Certification Center (CSC, formerly CECP), which certifies energy-efficient products, as its only chip partner, driving the development of energy conservation and efficiency in China.

About Changhong Founded in 1958, Changhong Group has developed into one of the world’s most competitive consumer electronics solutions and services suppliers, with about 30 percent of its products exported to international markets. Changhong Group, listed on the Shanghai Stock Exchange, is a diverse international conglomerate converging R&D, production and sales of digital TVs, air-conditioners, refrigerators, IT, communication, digital, network, electrical power source, commercial system electronics and petty appliances. With “Leading technology, Quick response” as its management concept, Changhong has established an open and independent innovation system by coordinating its global advantageous resources and relying on the Changhong state-level technology center. The company fully integrates global information technology and upgrades its R&D capabilities to successfully establish a perfect global consumer electronics technology innovation platform. This has enabled Changhong to transform from a conventional home appliance manufacturer to become a 3C-converged information appliance enterprise. Advocating its brand spirit “Creation & Happiness” and capitalizing on its brand, capital, technology, talents, manufacturing, service and operating network strengths, Changhong is committed to its continued development to become the leader of 3C-converged new life, and to create a more delightful and more imaginary happy experience for consumers. For more information, please visit Changhong’s website at https://www.changhong.com.cn.

About ON Semiconductor
With its global logistics network and strong portfolio of power semiconductor devices, ON Semiconductor (Nasdaq: ONNN) is a preferred supplier of power solutions to engineers, purchasing professionals, distributors and contract manufacturers in the computer, cell phone, portable devices, automotive and industrial markets. For more information, please visit ON Semiconductor’s website at https://www.onsemi.com.

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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 website in this news release, such information on the website is not to be incorporated herein.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way in creating a safer, cleaner, and smarter world.

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onsemi and the onsemi logo are 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 website in this news release, information on the website is not to be incorporated herein.

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