PHOENIX--(BUSINESS WIRE)--ON Semiconductor Corporation (NASDAQ: ON), (“ON Semiconductor”) announced today that it intends to offer, subject to market and other conditions, $600 million aggregate principal amount of Convertible Senior Notes due 2020 (the “notes”) in a private offering. The notes will be offered only to qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). ON Semiconductor also expects to grant to the init