New book by Larry Connors Click here Improve your trading - See how
As an EICC applicant member, ON Semiconductor is committed to the organization's shared Code of Conduct -- which is a standards-based approach for monitoring compliance across several areas of activity including environmental, sustainability, labor, health and safety.
"The tools and shared efficiencies available as a member of the EICC will enable us to more efficiently monitor and improve our compliance activities and will also provide us a way in the future to oversee compliance by our worldwide vendors," said John Nelson, ON Semiconductor executive vice president and chief operating officer (COO). "Aligning with the EICC's standards will serve to further enhance our expertise in this area and ensure the company remains a responsible, forward-thinking global citizen."
While ON Semiconductor believes it is in compliance with all EICC guidelines, formal membership in the coalition will assist in confirming compliance and continued improvement. It will also enable ON Semiconductor to progressively begin to apply the EICC code to ensure compliance by key vendors that support the manufacturing of ON Semiconductor products.
"ON Semiconductor has a world-class supply chain and lean in-house manufacturing operations that serve as significant competitive advantages in our highly competitive industry," said Keith Jackson, president and CEO of ON Semiconductor. "We manufacture, market and ship more than 30 billion units each year. This is a very large number that puts us into a very small category of companies that are capable of doing that kind of volume. We then have to deliver these products - in a very timely fashion - to wherever in the world our customers want them. We have made significant investments in our information technology and global logistics that enable us to respond very quickly to ensure that our customers receive their shipments. Becoming a member of EICC is one more way we are investing in the ongoing enhancement of our supply chain expertise."
Sustainability Initiatives
Each of ON Semiconductor's worldwide factories is currently engaged in multiple sustainability projects aimed at conserving water, electricity and fuel. The company's worldwide manufacturing operations also have well-established recycling and waste minimization programs in place. Current sustainability programs include reuse of rinse water in the fabs, reduction of water flow during equipment idle periods, reduction of overall electricity use, reduction of chemical use by process optimization, recovery of heat from boilers and balancing our air streams, and other programs.
To date, ON Semiconductor has achieved success with its ongoing sustainability initiatives. For more information about ON Semiconductor's Quality, Environmental, Health and Safety (EHS) and Sustainability programs visit www.onsemi.com/quality.
About EICC
The Electronic Industry Citizenship Coalition was established in 2004 to promote a common code of conduct for the electronics, and information and communications technology (ICT) industry. EICC now includes more than 40 global ICT companies and their suppliers. EICC collaborates with member companies, their suppliers, and stakeholders to ensure continuous improvement. For more information on EICC, visit http://www.eicc.info/.
About ON Semiconductor
With its global logistics network and broad product portfolio, ON Semiconductor (Nasdaq: ONNN | Quote | Chart | News | PowerRating) is a preferred supplier of high performance, energy efficient, silicon solutions that enable designers to quickly and cost-effectively improve system efficiency for electronics in the computing, communications, consumer, automotive, industrial, medical and military/aerospace markets. The company's portfolio includes power management, signal, logic, discrete and custom devices. The company operates a network of manufacturing facilities, sales offices, and design centers in key markets throughout North America, Europe, and the Asia Pacific regions. For more information, visit http://www.onsemi.com.
ON Semiconductor and the ON Semiconductor logo are registered trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders. Although the company references its Web site in this news release, such information on the Web site is not to be incorporated herein.
SOURCE: ON Semiconductor
ON Semiconductor, Phoenix Anne Spitza Corporate Communications 602-244-6398 anne.spitza@onsemi.com Ken Rizvi Corporate Development, Treasury & Investor Relations 602-244-3437 ken.rizvi@onsemi.com
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
