ON Semiconductor Jointly Establishes Power Lab with Kingvon in Chengdu, China

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New lab will develop energy-saving power solutions for Kingvon’s set-top box and next-generation products

CHENGDU, China –May 18, 2006 – ON Semiconductor (Nasdaq: ONNN), a leading global supplier of advanced power management solutions, today announced that it has jointly established a new power laboratory with Kingvon Group - China’s largest set-top box manufacturer located in Sichuan Province, western China. The establishment of the joint lab further underscores ON Semiconductor’s long-term commitment to provide energy-saving power solutions to indigenous customers in China.

Located at Kingvon’s office in Chengdu, Sichuan Province, the lab will focus on extending ON Semiconductor’s industry leading power solutions including pulse-width modulation (PWM) controllers and power factor correction (PFC) devices into Kingvon’s set-top box and next generation products comprising digital cameras, mobiles, printers, notebooks and LCD products.

“Energy conservation is an important development strategy for Chinese government,” said David Chow, ON Semiconductor vice president of Sales for Asia Pacific. “As a global leading supplier of power management solutions, ON Semiconductor is committed to power efficiency with advanced technologies and solutions.

“Our highly efficient and energy-saving power solutions meet or exceed Chinese and international regulations for power efficiency and standby power consumption. Through the joint lab with Kingvon Group, our proven power management solutions will help Kingvon optimize power efficiency and minimize standby power consumption in their products, meeting consumers’ increasing demand for high performance and rich features,” said Chow.

“Our strategic partnership with ON Semiconductor will enable Kingvon to continue our edge in power efficiency for set-top boxes, as we expect a three digit year-on-year growth in set-top box market in China in the coming three to five years,” said Chen Wen-ying, technical director general of Kingvon Electronic Science and Technology Co. Ltd. “We also hope to leverage ON Semiconductor’s power management leadership into our other product lines.”

To help Kingvon succeed with its business plans, ON Semiconductor has assigned a resident field application engineer to the joint lab to work closely with Kingvon’s development teams to build on their time-to-market access with energy-saving set-top boxes and other next-generation products.

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 Kingvon Group
Kingvon is the export brand and logo of Sichuan Jinwangtong Electronic Science and Technology Co. Ltd. Jinwangtong is an innovative technology company dedicated to product development, manufacturing, system integration, and sales and services of digital TV series. The company possesses a high-tech R&D and technology team, and a well-trained manufacturing and quality management force. Jinwangtong (Kingvon) has introduced many world-class sophisticated production lines, advanced SMT machines, automatic insertion lines and modern test and assembly equipment. For more information, please visit Kingvon’s website at https://www.kingvon.com.

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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