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2014-12-02

ON Semiconductor Board of Directors Approves $1 Billion Share Repurchase Program

ON Semiconductor, driving energy efficient innovations, today announced that its Board of Directors has approved a capital allocation policy under which the company intends to return approximately 80 percent of free cash flow less repayments of long-term debt to shareholders, subject to a variety of factors, including the company’s strategic plans, market and economic conditions, and Board of Directors’ discretion. 
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