PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (Nasdaq: ON), driving energy efficient innovation, today announced that total revenues in the first quarter of 2015 were $870.8 million, up approximately one percent compared to the fourth quarter of 2014. During the first quarter of 2015, the company reported GAAP net income of $55.1 million, or $0.13 per diluted share. The first quarter 2015 GAAP net income was negatively impacted by approximately $32.0 million of special items, details o