Company to explore mutually beneficial arrangement that promotes orderly transition
ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovations, today announced it is exploring a sale of its manufacturing facility in Oudenaarde, Belgium. The company will begin searching for strategic partners that are willing to enter into a mutually beneficial arrangement that the company expects will facilitate an orderly transition of products from its Oudenaarde facility to other facilities within the ON Semiconductor network.
The Oudenaarde facility is an automotive qualified facility which meets the IATF 16949: 2016 global industry standard for quality management. The company believes that the facility is an attractive semiconductor manufacturing asset for a number of reasons, including its highly skilled workforce with extensive experience managing a diverse array of technologies and its close proximity to the world’s leading automotive innovation and manufacturing hub. Currently, the 44.000 m2 facility supports the company’s low, medium and high voltage analog CMOS and BCD technologies.
As part of its effort to promote an orderly transition for all parties involved, the company also plans to enter into a supply agreement under mutually agreeable terms.
About ON Semiconductor
ON Semiconductor (Nasdaq: ON) is driving energy efficient innovations, empowering customers to reduce global energy use. The company is a leading supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. The company’s products help engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, a robust compliance and ethics program, and a network of manufacturing facilities, sales offices and design centers in key markets throughout North America, Europe and the Asia Pacific regions. For more information, visit http://www.onsemi.com.
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