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EXHIBIT 99
FOR IMMEDIATE RELEASE
Dan Martin Linda Capcara
Director Investor Relations Group Manager
ON Semiconductor Brodeur Worldwide
602-244-4905 602-954-0044
[email protected] [email protected]
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SCG HOLDING CORPORATION IS NOW OFFICIALLY
ON SEMICONDUCTOR CORPORATION
PHOENIX, AZ (AUGUST 9, 2000) - ON Semiconductor(TM) (Nasdaq: ONNN) today
announced that the official name of the Company has changed to ON Semiconductor
Corporation from SCG Holding Corporation, effective today, August 9, 2000.
SCG Holding Corporation has been doing business under the trade name ON
Semiconductor(TM) since its separation from Motorola in August 1999. The
Company's Board of Directors approved the official name change for several
reasons including the desire to have its company name more closely parallel its
ticker symbol of ONNN on the Nasdaq National Market as well as for branding and
marketing purposes. Effective with the name change, the Company began reporting
financial information as ON Semiconductor Corporation.
"While most of our customers and stockholders have known us as 'ON
Semiconductor' since we started as an independent organization last year, our
legal name was SCG Holding Corporation," said Steve Hanson, President and Chief
Executive Officer of ON Semiconductor Corporation. "Today's announcement makes
it official. We are ON Semiconductor Corporation - a company committed to
providing our customers with the highest quality data and power management
semiconductors."
The only entity affected by this name change at this time is SCG Holding
Corporation. The legal names of the company's various domestic and foreign
operating subsidiaries remain the same and all will continue to do business
under the trade name of ON Semiconductor(TM).
ON Semiconductor Corporation anticipates that starting tomorrow, the Nasdaq
National Market will recognize its new name for listing purposes.
ABOUT ON SEMICONDUCTOR
ON Semiconductor is one of the world's largest suppliers of analog, standard
logic, and discrete semiconductors for data and power management. ON
Semiconductor's products include integrated circuits for high-bandwidth data
applications, analog ICs for power management and low-voltage power transistors.
In addition to using micropackaging technology across all product families, ON
Semiconductor offers the largest selection of discrete semiconductors in a
variety of surface mount and standard packages. These semiconductors turn on and
connect digital electronic products to our world. ON Semiconductor(TM) is the
trade mark of ON Semiconductor Corporation's affiliate, Semiconductor Components
Industries, LLC.
Further information is available at the Company's website: http://www.onsemi.com
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