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Phoenix, ariz.July 15, 2010(Jst)On semiconductor corporation(Nasdaq:Onnn), and SANYO Electric Co., Ltd. (Tse:6764), today announced the signing of a definitive purchase agreement providing for the acquisition of SANYO Semiconductor Co., Ltd., a subsidiary of SANYO Electric, and other assets related to SANYO Electric semiconductor business, by ON Semiconductor in a cash and stock transaction with a purchase price of approximately $366 million(Billion), subject to adjustment pursuant to the terms of the transaction.Based on the most recently completed quarter, sanyo semiconductor annualized revenue was approximately $1. 2Billion and the annualized revenue of the combined entity would be approximately $3. 5Billion.Combining these two highly complementary businesses, we will be better positioned to capture growth on a global scale.We believe the union of on semiconductor and sanyo semiconductor will greatly enhance our presence in the automotive and consumer endmarkets and significantly strengthen our geographic presence in the asiapacific region.Strategically, this acquisition is expected to provide us with increased access to an important part of the global semiconductor market the japanese market, where sanyo semiconductor has a more than 50 year operating history, and a longstanding presence at leading electronics manufacturers.This acquisition will expand and strengthen on semiconductor product portfolio, adding new capabilities ranging from microcontrollers and custom application specific integrated circuits(Asics)To integrated power modules and motor control devices for the consumer, automotive Party Dresses Online and industrial endmarkets.

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