CENTENNIAL, Colo.--(BUSINESS WIRE)--Third paragraph, first sentence of release dated February 20, 2017, should read: Distribution sales accounted for approximately 60 percent of ON Semiconductor’s 2016 annual revenues, compared to 54 percent in 2015 (instead of Distribution sales accounted for approximately 60 percent of ON Semiconductor’s 2016 annual revenues, compared to 45 percent in 2015).
The corrected release reads:
ARROW ELECTRONICS NAMED ON SEMICONDUCTOR’S GLOBAL DISTRIBUTOR OF THE YEAR
Arrow Electronics, Inc. (NYSE: ARW) was awarded both “Global Distributor of the Year” and “Americas Distributor of the Year” by ON Semiconductor earlier this month.
ON Semiconductor’s annual awards honor the distributor in each region that led overall channel sales, grew market share, captured increased sales of products from acquisitions and scored highly on overall process execution.
“Distribution sales accounted for approximately 60 percent of ON Semiconductor’s 2016 annual revenues, compared to 54 percent in 2015,” said Jeff Thomson, vice president of global channel sales for ON Semiconductor. “The support of our worldwide distribution partners, like Arrow, is fundamental to the success of ON Semiconductor’s ongoing plans to increase market penetration and grow revenue at a faster pace than the industry.”
“These two awards are a testament to Arrow’s ability to drive sales growth and market expansion for our suppliers and customers around the world,” said David West, vice president of semiconductor marketing for Arrow. “Arrow Electronics is honored by this recognition, and we look forward to continuing our productive collaboration with ON Semiconductor.”
About Arrow Electronics
Arrow Electronics is a global provider of products, services and solutions to industrial and commercial users of electronic components and enterprise computing solutions. Arrow serves as a supply channel partner for more than 125,000 original equipment manufacturers, contract manufacturers and commercial customers through a global network of more than 465 locations serving over 90 countries. Learn more at fiveyearsout.com.
About ON Semiconductor
ON Semiconductor is driving energy-efficient innovations, empowering customers to reduce global energy use. The company is a leading supplier of semiconductor-based solutions, offering a comprehensive portfolio of energy-efficient power management, analog, sensors, logic, timing, connectivity, discrete, SoC and custom devices. The company’s products help engineers solve their unique design challenges in automotive, communications, computing, consumer, industrial, medical, aerospace and defense applications. ON Semiconductor operates a responsive, reliable, world-class supply chain and quality program, a robust compliance and ethics program, and 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 website in this news release, information on the website is not to be incorporated herein.