Work begins to merge AMIS operations

Acquisition brings together ON Semiconductor's leading standard products, operational excellence and manufacturing infrastructure with AMIS's substantial custom product portfolio.

ON Semiconductor Corp has completed its acquisition of AMIS Holdings, in a stock-for-stock merger.

"The merger represents an important step in the transformation of ON Semiconductor", says Keith Jackson, ON Semiconductor President and Chief Executive officer.

"ON Semiconductor is now solidly positioned as a global leader of efficient power and analogue solutions".

"The acquisition brings together ON Semiconductor's leading standard products, operational excellence and manufacturing infrastructure with AMIS's substantial custom product portfolio enabling us to more comprehensively address our customers' needs".

"Furthermore, we expect to achieve significant operating and manufacturing cost savings".

"Starting this week, the company will begin executing the planned operational integration of the two companies to ensure a smooth transition and create immediate value for our customers, partners and investors".

"Our merger with ON Semiconductor is a great opportunity for our customers, employees, stockholders and their future", says Christine King, AMIS's former Chief Executive Officer and President.

"I am also looking forward to joining the ON Semiconductor board of directors effective today".

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