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Award honors outstanding performance in providing products and services deemed essential to Intel’s success

PHOENIX, Arizona, March 23, 2004 - ON Semiconductor Corporation was named a recipient of Intel Corporation’s Preferred Quality Supplier (PQS) award for outstanding performance in providing products and services deemed essential to Intel’s success. ON Semiconductor Corporation and other award winners will be honored at a celebration in Burlingame, Calif., on March 23.

"I would like to express our excitement at being awarded the prestigious PQS award in 2003," said Keith Jackson, ON Semiconductor president and chief executive officer. "It is an honor for us to be recognized as a best-in-class supplier to Intel. We value our relationship with Intel and will continue to strive to deliver innovative products.”

“ON Semiconductor has moved into an elite class of Intel suppliers by winning the PQS award through excellence in customer service, component quality, flexible business systems and responsiveness in a cost competitive environment,” said Jeff Jones, director of Intel’s Integrated Circuit Procurement and Enabling Division. “This award reflects ON Semiconductor’s commitment to continuous improvement and superior performance in all aspects of the business.”

The PQS award is part of Intel’s Suppliers Continuous Quality Improvement process used to enlist suppliers support in meeting their aggressive quality improvement and cost reduction goals. Suppliers are evaluated on their ability to meet technology, quality, cost, delivery, and responsiveness goals. Suppliers must also commit to - and deliver on - aggressive annual improvement plans as well as implement formal quality assessment Intel will also recognize PQS award winners on March 23 with an advertisement in the U.S., Europe and Asian editions of The Wall Street Journal.

About Intel
Intel, the world's largest chip maker, is also a leading manufacturer of computer, networking and communications products. Additional information about Intel is available at www.intel.com/pressroom.

Intel is a trademark or registered trademark of Intel Corporation or its subsidiaries in the United States and other countries.
* Other names and brands may be claimed as the property of others.

About ON Semiconductor Corporation
ON Semiconductor is a global supplier of power and data management semiconductors and standard semiconductor components. The company is headquartered in Phoenix, Arizona and employs approximately 8,400 people worldwide. It has manufacturing facilities independently and through joint ventures in Arizona, Rhode Island, China the Czech Republic, Japan, Malaysia, the Philippines and Slovakia. ON Semiconductors' stock is listed on NASDAQ. Additional information about ON Semiconductor is available at 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.

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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