ON Semiconductor to explore mutually beneficial arrangement that promotes orderly transition

ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovations, is exploring a sale of its manufacturing facility in Oudenaarde, Belgium, the company said.

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.

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.

ON Semiconductor is driving energy efficient innovations, empowering customers to reduce global energy use. The company is a supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. For more information, visit http://www.onsemi.com.