ON Semiconductor starts up

Barely three months after it was bought for $1.6 billion by the Texas Pacific Group, Motorola's former Semiconductor Components Group (SCG) has been renamed and relaunched as ON Semiconductor. The acquisition was initiated in May 1999 and completed in August. Motorola also owns 10% of the new firm's stock.

10/01/1999


Barely three months after it was bought for $1.6 billion by the Texas Pacific Group, Motorola's former Semiconductor Components Group (SCG) has been renamed and relaunched as ON Semiconductor. The acquisition was initiated in May 1999 and completed in August. Motorola also owns 10% of the new firm's stock.

ON's organizers say the new company is the world's largest independent supplier of analog, logic, and discrete semiconductor components. It has approximately 14,000 employees worldwide, shipped 15 billion units in 1998, which generated $1.5 billion in sales. ON's power and interface products are an integral part of security-, convenience-, and entertainment-related electronics worldwide.

ON is led by Steve Hanson, president, who was previously senior vp and gm of SCG for Motorola's Semiconductor Products Sector (SPS). Before that, Mr. Hanson was gm of the SPS' European Semicondcutor Group.

Besides manufacturing semiconductor components directly, ON is also undertaking joint ventures and a restructured manufacturing process with: China-based Leshan on small signal products; Czech Republic-based Roznov on supplying raw silicon wafers and analog technologies; and Slovakia-based Piestany on power TMOS and metal-gate logic families.

Texas Pacific Group is a six-year-old, $2.5 billion private investment partnership based in Fort Worth, Tex., and San Francisco, Calif. It has invested in 25 firms and continues to own 21. These include Paradyne, ZiLog, GlobeSpan, Semiconductor, GT Com, Landis & Gyr Communications, Beringer Wine Estates, Del Monte Foods, J. Crew, Oxford Health Plans, Continental Airlines, and America West Airlines.





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