PHOENIX, Ariz. - July 12, 2006 - ON Semiconductor (Nasdaq: ONNN), a leading global supplier of power management solutions, today announced that it has won the "2005 Best Contribution Supplier in Just-in-Time Promotion Works" award from Foxconn Technology Group. The award recognized ON Semiconductor for its supply chain and distribution expertise.
ON Semiconductor established a vendor managed inventory (VMI) hub in Shenzhen, China, with its distributor Avnet, to actively support Foxconn''''s real-time inventory needs. The VMI hub maintains Foxconn''s just-in-time manufacturing by continuously managing inventory to provide an accurate, up-to-date view of the facilities and materials available. Foxconn is the registered trade name for Hon Hai Precision Industry Company Ltd., a global leader in the design and manufacturing of computer, communications and consumer electronic components.
As well as offering its customers higher quality manufacturing service, the VMI hub has helped Foxconn optimize partnerships and increase the level of engagement with preferred vendors, including ON Semiconductor. This process has enabled ON Semiconductor to more effectively respond to Foxconn customers' demands in a timely manner.
"ON Semiconductor was one of the few companies awarded the honor of best supply chain partner from among Foxconn's list of worldwide suppliers," said David Chow, ON Semiconductor vice president of Sales for Asia Pacific. "We believe this is a direct result of our exemplary delivery support service -- a service that has helped our contract manufacturer get products to market faster in a highly cost-efficient manner. We are honored, and look forward to expanding our relationship with Foxconn, especially in the areas of computing, mobile phones and power supply applications."
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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