PHOENIX, Arizona – May 16, 2019 –

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Company listed for second year in a row

PHOENIX, Arizona – May 16, 2019 – ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovations, today announced that it has been named to the Fortune 500 list of America’s largest companies by revenue for the second year in a row; moving up seven positions from last year. ON Semiconductor is a premier supplier of high performance silicon solutions for energy efficient electronics. The company’s broad portfolio of power and signal management, logic, discrete and custom devices helps customers efficiently solve their design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications.

“Being recognized on the FORTUNE 500 for the second year in a row is a testament to our entire global team and the partnerships we have cultivated with customers and suppliers around the world,” said Keith Jackson, president and CEO of ON Semiconductor. “We continue to invest in our infrastructure, scale, technology, and talent. All of these investments are yielding strong results as evidenced by our momentum and by increasing customer selection of ON Semiconductor solutions for the full ecosystem.”

“Another record-setting year was delivered by ON Semiconductor in 2018,” said Bernard Gutmann, executive vice president and CFO. “The industry faced challenging macroeconomic conditions, yet we delivered record revenue and free cash flow. Our growth drivers remain intact, and we are well-positioned to continue to outperform the industry. Customer interest in our comprehensive portfolio continues to be very strong, with evidence of positive revenue synergies.”

Headquartered in Phoenix, Arizona (USA), the company has over 160 locations in North America, Europe and Asia and a global employee count of more than 36,000. This global presence combined with the depth and breadth of its portfolio of over 86,000 products and an extensive intellectual property portfolio enables the company to be agile and competitive in an ever changing market.

In addition to this accomplishment, ON Semiconductor was recognized in 2018 as one of Fortune’s 100 Fastest Growing Companies, one of Wall Street Journal’s Management Top 250, was listed on the Dow Jones Sustainability Index and was recently recognized by Ethisphere as one of the World’s Most Ethical Companies for the fourth year in a row.

For the FORTUNE 500, companies are ranked by total revenues for their respective fiscal years. For more information about the list, please visit https://fortune.com/500).

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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