ON Semiconductor Corp. makes chips for a number of digital applications, including power supply, analog and mixed-signal sensors, advanced logic, clock management and standard component devices. Its products are used for the automotive, communications, computer electronics, medical and wireless devices, mobile phones and the military and commercial aerospace industries.
Headquartered in Phoenix, the company has manufacturing facilities, sales offices and design centers in key markets throughout North America, Asia Pacific, Europe and the Middle East.
In 2009 it laid off 1,500 workers, eliminated second-half 2008 and full-year 2009 bonuses, instituted a hiring freeze and implemented three weeks of unpaid time off for senior executives in both the first and second quarter.
Yet the company has been aggressive in using acquisitions to broaden its product portfolio. It recently completed the acquisition of California Micro Devices Corp. and agreed to acquire Sanyo Electric Co.'s semiconductor unit to gain better access to Japanese and Asian markets.