Tag Archives: on-semiconductor

semiconductor

ON Semiconductor to Acquire Aptina Imaging

ON Semiconductor signed a definitive agreement to acquire Aptina Imaging, a leading provider of high-performance CMOS image sensors for automotive and industrial markets, which are the key areas of strategic focus for ON Semiconductor. Other markets addressed by Aptina’s products include cameras, mobile devices, and computing and gaming platforms.

The acquisition of Aptina vastly expands ON Semiconductor’s image-sensor business and establishes the company as a leader in the fast growing segment of image sensors in automotive and industrial semiconductor market. According to TSR, an independent market research firm, the worldwide demand for image sensors for automotive and industrial applications is expected to grow at annual compound rate of 16 percent between 2013 and 2016.

Under the terms of the agreement, ON Semiconductor will pay approximately $400 million in cash to acquire Aptina Imaging, subject to customary adjustments at closing. The acquisition will be funded by available cash on ON Semiconductor’s balance sheet and its existing revolver credit facility.

“The pending acquisition of Aptina enables us to accelerate our growth in the attractive automotive and industrial end-markets by leveraging Aptina’s highly differentiated imaging technologies in conjunction with our wide sales reach and strong operational capabilities,” said Keith Jackson, president and CEO of ON Semiconductor. “The addition of Aptina vastly expands our scale and capabilities in image sensors and establishes us as a leader in image sensors for industrial and automotive related applications. I am excited about the possibilities that this transaction presents for both companies.”

ON Semiconductor expects the acquisition to be immediately accretive to earnings, excluding any non-recurring acquisition related charges, the fair value step-up inventory amortization, and amortization of acquired intangibles. Based on unaudited results, Aptina’s revenue for last twelve months ending on May 29, 2014, was approximately $532 million with gross and operating margins of approximately 29 percent and 3 percent, respectively. ON Semiconductor currently intends to report operational results for Aptina and other image and optical sensor businesses in a separate reporting segment as soon as practical after the close of Aptina acquisition. The transaction has been approved by ON Semiconductor’s and Aptina’s boards of directors and is expected to close during the third quarter of 2014, subject to required regulatory approvals and customary closing conditions.

semiconductor

ON Semiconductor Acquires Truesense Imaging

ON Semiconductor signed a definitive agreement to acquire Truesense Imaging, Inc., a provider of high-performance image sensor devices addressing a wide range of industrial end-markets including machine vision, surveillance, traffic monitoring, medical and scientific imaging, and photography. The acquisition of Truesense Imaging strongly complements ON Semiconductor’s image-sensor business by vastly expanding its technology portfolio and adding more than 200 new customers. Under the terms of the agreement, ON Semiconductor will pay approximately $92 million in cash to acquire Truesense Imaging, subject to customary adjustments at closing. The acquisition will be funded by available cash on ON Semiconductor’s balance sheet.

“The pending acquisition of Truesense Imaging is a step towards our stated strategic goal of expanding our presence in select segments of the industrial end-market,” said Keith Jackson, president and CEO of ON Semiconductor. “With the acquisition of Truesense, we will augment our abilities to deliver a broad range of high-performance image sensors to the industrial end-market and at the same time significantly expand our customer footprint. I am excited about the growth opportunities the combination of the two companies presents in the high-performance imaging market.”

“ON Semiconductor is an ideal strategic fit for Truesense as we share a common vision for expanding the capabilities of high-performance sensors used in the world’s most demanding imaging applications,” said Chris McNiffe, CEO of Truesense Imaging, Inc. “This combination enables us to leverage our technology base and four decades of imaging expertise with ON Semiconductor’s R&D, manufacturing and global logistics infrastructure. We are very excited to join the ON Semiconductor organization and to enable new growth opportunities for both our customers and our employees.”

ON Semiconductor expects the acquisition to be immediately accretive to earnings and margins, excluding any non-recurring acquisition related charges and amortization of acquired intangibles. Based on unaudited results, Truesense Imaging’s revenue for 2013 was approximately $79 million with gross and operating margins of approximately 44 percent and 23 percent, respectively. Truesense Imaging will be incorporated in ON Semiconductor’s Application Products Group (APG) business group. The transaction has been approved by ON Semiconductor’s and Truesense Imaging’s boards of directors (or authorized committees thereof) and is anticipated to close before the end of the second quarter of 2014, subject to required regulatory approvals and customary closing conditions.

defense

ON Semiconductor Earns DoD Accreditation

ON Semiconductor, driving energy efficient innovations, has been granted “Trusted Design” status for its Pocatello, Idaho, facility through the U.S. Department of Defense (DoD) Defense MicroElectronics Activity (DMEA) accreditation program. The design accreditation adds to the company’s “Trusted Foundry” and “Trusted Broker” accreditations, making ON Semiconductor one of only a select few Trusted Foundry providers to also offer trusted application specific integrated circuit (ASIC) design resources.

The accreditation program is part of the DoD’s strategy to ensure that electronic components used in U.S. military and national security applications are trustworthy and secure. Certification is required and becoming more crucial as offshore migration of all sectors of the microelectronics industry increases and demand for high-performance ASICs from military and national security agencies continues to expand.

The new Trusted Design accreditation enables ON Semiconductor to own the process flow from design right through to wafer fabrication. The company’s project engineering teams in Idaho can now focus on customer designs without third party intervention, accelerating design cycle times for complex ASICs and achieving valuable reductions in overall project costs. Under the Trusted Design accreditation, ON Semiconductor is able to support its 110 nanometer (nm), 180 nm, 0.35 um and 0.5 um standard cell digital designs at its Pocatello, Idaho, facility, which features 40,000 square feet of manufacturing clean room manufacturing space, and at its Gresham, Oregon, facility that has more than 100,000 square feet of clean room space.

“Achieving Trusted Design accreditation underlines the extremely high quality and security of our technical expertise, facilities, processes and products,” said Vince Hopkin, vice president, Military/Aerospace, Digital, Custom Foundry, IPD and Image Sensor products at ON Semiconductor. “Along with the company’s previously awarded Trusted Foundry and Trusted Broker accreditations, the Trusted Design status enables ON Semiconductor to further improve our services to customers and achieve enhanced efficiencies that help reduce overall costs and time-to-market for new designs.”

law

Honoring excellence in corporate counsel

Effective corporate counsel has never been more important than it is in today’s new economy.
Az Business magazine is recognizing the important and vital role that in-house counsel plays in the success of a business with the Arizona Corporate Counsel Awards (ACC Awards). The 30 finalists and winners were honored Thursday, January 16 during a ceremony and dinner at the Ritz Carlton Phoenix. Here are the finalists, in alphabetical order:

Melissa M. Buhrig
Vice president, assistant general counsel and assistant secretary
Western Refining
Since 2005, Buhrig has served as a founding member of the Western Refining legal department. Her responsibilities include corporate governance, compliance, and securities matters for the company. Prior to joining Western Refining, Buhrig was a shareholder in Barfield Law, a Miami, Florida-based boutique firm representing commercial insurers and business leaders in corporate and litigation matters. Before that, she was a founding member of the satellite litigation department in the Naples, Florida office of Robins, Kaplan, Miller & Cirsi, a national law firm.

Carolann Bullock
Human resources legal attorney
Intel Corporation
Bullock joined Intel in Chandlers as an HR legal attorney in 2010 following an extremely successful career in private practice. Bullock joined Ryley, Carlock & Applewhite in 1995 and was elected a shareholder in the firm just four years later. When she departed for Intel and the new challenge of an in-house legal role, she was chair of the firm’s well-respected Labor & Employment Practice Group. While in private practice, Bullock’s practice was devoted to counseling and defending employers faced with claims of sexual harassment, disability, gender, age, race, wrongful discharge and employment-related tort and contract claims.

Lawrence Cuculic
Vice president and general counsel
Best Western International, Inc.
Cuculic manages the legal department for Best Western, the largest hotel chain in the world, in a manner that is efficient, effective, and respectful. Cuculic is also actively involved in managing strategic direction, providing guidance on corporate legal issues, board and board committee matters and managing relationships with external counsel. Since his arrival at Best Western, Cuculic has been thrust into various complex litigation, including IP and antitrust class action matters. Through his guidance, Cuculic spearheaded legal victories for Best Western that resulted in a complete mitigation of damages.

Bob Desmond
Chief intellectual property counsel
Honeywell International, Inc. – Aerospace
Desmond is the chief IP counsel for Honeywell Aerospace, a $12 billion business unit of Honeywell International Inc. which has more than 7,000 employees in Arizona. Honeywell Aerospace’s Vice President of Engineering and Chief Technology Officer, summarized Desmond’s contributions to Honeywell Aerospace as follows: “Bob has developed a world-class intellectual property process within Honeywell Aerospace. He has not only refined and improved our intellectual property portfolio, but also created a sustainable process for refreshing its contents and ensuring the true business value of the IP is being properly realized. He has set the standard for Honeywell and the broader aerospace industry.”

Ruth Franklin
Corporate contracts counsel
ON Semiconductor
Franklin leads an international team of six member,s including both lawyers and contract professionals who are charged with negotiating semiconductor manufacturing sales agreements with customers throughout the world. These negotiations can span many months and typically involve describing every aspect of the manufacturing and supply processes within ON Semiconductor. Franklin is fond of saying that this is a job she is passionate about because it uses all the various areas of expertise that she has built up over her career: detailed lawyering, strategic planning and tactical negotiations.

GoDaddy in-house legal department
GoDaddy
GoDaddy’s legal team is led by General Counsel and Corporate Secretary Nima Kelly. GoDaddy’s 13-lawyer legal team counsels this rapidly-growing Internet company as it accomplishes its mission of empowering its customers to easily start, confidently grow and successfully run their own ventures. GoDaddy currently serves more than 12 million paying customers worldwide with 4,300 employees working in 21 states and eight countries. Under Ms. Kelly’s leadership, GoDaddy’s legal department has been re-engineered to efficiently deliver high-quality legal advice at the pace needed to keep up with its business partners. Divided into Intellectual Property, M&A/International, Litigation/Employment, Agreements and Internet Policy functions, its lawyers work as a cohesive team and are encouraged to “roll up their sleeves,” become intimately involved with their clients’ day-to-day activities and help them accomplish their business goals. Issues range from the serious (patent litigation and international expansion) to the sublime (the Super Bowl ads and talent agreements with Kid Rock, Snoop Dogg and Ke$ha for the annual blowout Holiday Parties). The team also works to develop effective and responsible Internet policy for GoDaddy and the global online community.

Jill Harrison
In-house counsel
W.L. Gore & Associates Inc.
Harrison has served as one of the corporate counsel at Gore for nearly nine years. She leads the medical device manufacturer’s product liability litigation and counseling practice globally. For much of her tenure at Gore, Harrison also led strategic counseling and litigation in the area of non-competes and trade for Gore’s Medical Products Division and provided extensive employment law counseling and litigation management for sales associates in the division. Harrison also assumed a significant leadership role in developing and implementing an innovative integration program for new legal team members to effectively facilitate their participation in the company’s global legal team.

John T. Jozwick
Senior vice president and general counsel
Rider Levett Bucknall
Rider Levett Bucknall hired Jozwick by contract in 2002 for a temporary assignment analyzing claims made by subcontractors in a major wastewater treatment plant project. As word spread with clients about his expertise in analyzing construction disputes, forensic claims, and construction defects, Jozwick was offered a full-time role. Under his direction, the company’s claims department grew from one temporary contractor to five full-time employees. Jozwick also played a major role in developing advisory services into a significantly profitable service. Today, the advisory service line offers clients risk analysis, claims analysis, dispute resolution, expert witness and dispute avoidance services.

Alan Kelly, Scottsdale Lincoln Healthcare Network’s legal team
Senior vice president and general counsel
Scottsdale Lincoln Healthcare Network
Kelly has been an in-house lawyer at Scottsdale Lincoln Healthcare Network for the past nine years. By creating an efficient and modern legal department, Kelly has been able to provide advice to everyone from executives to operational employees. His continued innovation led him to improve the SLHN Risk Management Department so that it can effectively manage all of the complex risk that a $1 billion company is faced with. Kelly’s strong leadership is as highly valued as his skills as an innovator. Johnathan Wallach, one of Kelly’s employees, said, “Alan has been a true mentor who actively promotes initiative in all people who work for him.”

Margaret Koppen
Deputy general counsel
Standard Microsystems Corporation
Koppen is Standard Microsystems’ main transactional attorney. Kim Van Amburg, senior vice president and general counsel at Casino Del Sol Resort, said that during her 10 years at the company, Koppen has been able to hone a “specific expertise in negotiating terms of sale agreements with her employer’s customers,” some of which are the world’s largest semiconductor companies. Koppen has been instrumental in “increasing efficiency, production, and accountability without increasing the size of the legal department.” Her contributions to the company have helped double the company’s revenue. She teaches the University of Arizona College of Law’s first-ever contract drafting course, which she developed.

David Koval
Vice president and general counsel
Kitchell
Koval went to Kitchell in 2004 as an employee for one of the company’s subsidiaries, Kitchell Contractors. In this role, he brought credibility to the company through refining legal processes, streamlining and creating uniformity in subcontractor relationships and evaluating the company’s risk. His results earned the respect of everyone at Kitchell and he was eventually tapped by CEI Jim Swanson to oversee all legal activities for the 60-year-old company. Kitchell’s interests include real estate development, commercial construction, program and construction management and air conditioning wholesale supplies.

Erin Lewin
Senior vice president and general counsel
Avnet, Inc.
Lewin leads Avnet’s 98-member global legal department and provides advice and guidance to the company’s business leaders. “Erin has demonstrated her ability to effectively guide a global team that deals with a complex, multinational legal environment while serving as a leader who fosters collaboration and employee engagement for her team,” said Avnet CEO Rick Hamada. In 2013, Lewin’s team oversaw the legal aspects of 12 acquisitions with a combined deal value of $367 million and combined revenue value of $1.2 billion, as well as the divestiture of two subsidiaries.

Kelly LoCascio
Chief compliance office and executive vice president
Angel MedFlight
LoCascio has been with Angel MedFlight, a worldwide air ambulance company, since 2008. In 2008, LoCascio was named one of the top 50 pro bono attorneys in Arizona and stays involved in the community by volunteering for the American Cancer Society, FreshStart and HomeBase Youth Services. She is a member of the American Bar Association, the Association of Corporate Counsel, and the Executive Women’s Golf Association. In addition to practicing law and volunteering, LoCascio was crowned Ms. Arizona Woman in 2007. This competition is part of the Arizona United States Pageants. She also ecompetes in triathlons.

Michael Mason
Senior counsel, labor and employment
Pinnacle West Capital Corp.
Mason is a strategic partner helping his internal clients solve legal problems in a changing industry. Mason transitioned two years ago as a shareholder at a large national firm, Greenberg Traurig, to a role with Pinnacle West. Mason often works to build consensus with various teams to reduce the threat of litigation. He challenges external counsel to be creative but cognizant of the costs of litigation. Mason served as the young lawyer representative to the State Bar Board of Governors for several years and currently sits on the Executive Council for the Labor and Employment Section for the Arizona State Bar.

L. Richards McMillan
Senior vice president and general counsel
Freeport McMoRan
McMillan has been senior vice president and general counsel of Freeport-McMoRan Copper & Gold Inc. since October 31, 2007. McMillan served as senior corporate and securities law attorney of FCX since 1995. The Tulane University Law School graduate joined FCX after a 30-year career with the law firm of Jones, Walker, Waechter, Poitevent, Carrère & Denègre, L.L.P., where he served as partner. McMillan served as head of Jones Walker’s corporate and securities section and also served as a member and chairman of the Jones Walker’s Executive Committee.

David Mulvihill
Vice president and general counsel
Make-A-Wish Foundation of America
Mulvihill is general counsel of the Make-A-Wish, a national nonprofit organization with 74 chapters that grant the wishes of children with life-threatening medical conditions. A substantial portion of Mulvihill’s time is spent protecting the Make-A-Wish name and trademarks from infringement by sound-alike organizations and others. In connection with these efforts, he has worked closely with various state charity officials, as well as with the U.S. Senate Finance Committee and the Federal Trade Commission. Prior to joining Make-A-Wish, Mulvihill was a partner in a firm in Pittsburgh, where his practice focused on commercial litigation.

Carmen L. Neuberger
Senior vice president and general counsel
Phoenix Children’s Hospital
A hospital that is a part of the ever evolving health care environment “requires a knowledgeable talented and dedicated general counsel,” said Debra Stevens, director of marketing and communications for Phoenix Children’s Hospital. Neurberger not only possesses the knowledge and talent Stevens speaks of, but she essentially developed the hospital’s entire legal department. During this process, Neurberger was able to create a program which allows the hospital to manage and control its own risk. She is also credited with developing and implementing a code of ethics, and improving the relationship between the legal and human resources departments.

Daniel Oseran
Privacy counsel
eBay
Oseran has worked in the information technology and legal fields for more than a decade, ensuring legal compliance, designing network infrastrcuture and managing large project teams. He also enforced information technology laws on behalf of the 5th largest District Attorney’s office in the country, and prosecuted the first state level case of Internet anti-piracy in the United States. Oseran advises business units on developing privacy-protective products, campaigns, websites and other programs. He also manage internal tools to report compliance and communicate policies. Before moving to eBay, Oseran led Paypal’s innovation and continuous improvement of the IT control framework, including the integration of multiple compliance requirements.

John M. Pons
Executive vice president and general counsel
Cole Real Estate Investments, Inc.
Pons has been instrumental in guiding the legal department at Cole in supporting the company’s overall mission in the acquisition, management and disposition of real property. The company has seen tremendous growth, listed on the NYSE and has lined itself up for a merger/acquisition that is poised to make it one of the 15 largest REITs in the United States. Pons’ demeanor and guidance has helped make Cole’s legal department high-functioning, highly collaborative and highly-engaged. Before attending law school, Pons was a captain in the United States Air Force where he served from 1988 until 1992.

Deanna Pickering
General counsel
Lumension Security, Inc.
As the sole in-house lawyer, Pickering manages legal issues across the globe and is often called upon to do the day-to-day legal work, such as customer contract review, that helps the organization save money on outside lawyers. But as the general counsel for a software company with operations in North America and Europe and a sales force throughout the world, Pickering has to help the organization move forward with strategic initiative and work with other executives to manage risk, solve legal issues, and support and direct outside lawyers in a competitive and rapidly changing business environment.

Daniel J. Quigley
General counsel
Tohono O’odham Gaming Enterprise
Quigley began his representation of the Tohono O’odham Nation with respect to its gaming operations in 1995. However, it was in 2003 that the Tohono O’odham Gaming Enterprise created its own in-house legal department and hired Quigley as its first general counsel. Quigley has faithfully represented the Nation’s gaming interests through a time when it has experienced exponential growth. Among his more noteworthy triumphs are the successful campaign for the 2002 Indian Gaming Initiative (passed by Arizona voters in 2002) and subsequent Gaming Compact negotiations with the State of Arizona.

Darrell Sherman
Vice president, general counsel, secretary
Taylor Morrison
Sherman joined Taylor Morrison as vice president and general counsel in June 2009 and helped the home builder launch a successful IPO in 2013. He is responsible for the company’s legal affairs including transactions, governance, litigation and regulatory matters. Prior to joining Taylor Morrison, Sherman was general counsel at Centex for four years in the Southwest and Mountain States Regions and associate general counsel at Del Webb/Pulte for five years. Prior to joining the homebuilding industry, he was a finance and real estate attorney at the law firm of Snell & Wilmer in its Phoenix office.

James Silhasek
Executive vice president and general counsel
Discount Tire
Silhasek manages the legal and real estate departments and is specifically involved in all real estate acquisitions, matters of taxation and complex business litigation. Silhasek began his association with Discount Tire in 1980, while in private practice, and joined the company in 1988. During his association with Discount Tire, it has grown to become the world’s largest tire and wheel retailer with more than 870 locations in 28 states. Silhasek received his Juris Doctor from Creighton University Law School and a Master’s of Law in taxation from Georgetown University Law Center.

Sprouts Farmers Market, Inc.
Legal department
The natural and organic grocery chain hired its first in-house counsel, Brandon Lombardi, in January 2012 and he set about assembling an in-house legal department that could provide the needed legal services with the quality, acumen, and responsiveness that he and his fast-paced client demanded. Sprouts’ recent success, including the IPO which was shepherded from commencement to completion by Lombardi and his team, serves as a model for how to aggressively yet responsibly build a business. That success could not have been achieved without Sprouts’ legal department. That this 10-person team did not exist two years ago makes their accomplishments even more impressive.

Karen Stein, IO’s legal department
General counsel
IO
Stein oversees all legal and risk management functions of the company. She holds a Juris Doctor, with honors, from Emory University, an MBA from Loyola University with a concentration in finance, and a Bachelor of Science degree in business from the University of Maryland, where she graduated magna cum laude. She has practiced law since 1994, focusing on business transactions, licensing, and intellectual property. Before joining IO, Stein practiced at the Troutman Sanders law firm in Atlanta and served as the Assistant general counsel for the PGA Tour for 10 years.

Matthew Stockslage
Vice president and associate general counsel
Dignity Health
Stockslage is the senior legal leader for Dignity Health’s Arizona and Nevada service areas, which includes six hospitals — including the world-renowned Barrow Neurological Institute — and more than 40 affiliated outpatient sites. As one of three regional legal leaders reporting to Dignity’s general counsel, Stockslage supervises a staff of 11 and is the lead attorney for joint venture transactions and relationships across the Dignity system. He has helped implement a restructuring of the Dignity legal department, its work flows, reporting relationships and client accountabilities to facilitate Dignity’s implementation of healthcare reforms and to accommodate its growth strategy to become a national healthcare provider.

Randall S. Theisen
Executive vice president, general counsel, assistant secretary
Western Alliance Bancorporation
Theisen has served as general counsel of Western Alliance Bancorporation and its three bank affiliates includes Alliance Bank of Arizona, BankWest of Nevada and Torrey Pines Bank since February 2006. Theisen joined WAL from Squire Sanders & Dempsey and has more than 20 years of legal experience representing financial institutions in banking, corporate and financial services law. He was named a “Leading Lawyer 2006” and “Best of the Bar 2005.” He serves on the Business Law Committee and Consumer Financial Services Committee for the American Bar Association. He is also a member of the Arizona Bankers Association.

Michael Walker
Senior associate counsel, labor and employment/litigation
Insight Enterprises, Inc
Walker is the sole litigator and labor and employment lawyer for Insight in the United States and Canada. Insight is a Fortune 500 company that provides hardware, software and related services to business and government agencies. Walker is “stunningly successful” at preventing, resolving, and promptly defending claims that go through litigation in labor and employment, commercial matters and in actions brought by government agencies according to Mark Rogers, association general counsel for Insight. Walker has also been able to reduce spending on several categories of work. “Above all, (he) is a practical problem solver and has excellent business judgment,” Rogers said.

Stuart Zigun
Assistant general counsel
Emerson Network Power
Colleagues say Zigun in the kind of attorney every business wishes it had. Zigun has an exceptional depth of understanding of his clients’ business and products and is intimately familiar with the company’s strategy and direction. In more than 30 years as an in-house counsel, Zigun has never had an agreement he worked on be litigated. This is a testament to his ability to successfully resolve disputes. Zigun, who earned an undergraduate degree in industrial engineering from Cornell and his law degree from Boston University, has represented large public companies that include Raytheon, Motorola and Emerson.

boeing-phantom-ray

It takes fuel to win tech race

Many of us can relate to thinking of Arizona’s economy as an automobile race. To win, you need a smooth race course, a fast car, a winning driver and high-powered fuel.
Carrying that analogy into Arizona’s technology sector, it’s clear that a lot of resources have been invested and progress has been made in building a world-class race course.  We’ve made tremendous strides in creating a business climate and technology environment for facilitating both private and public sector support to address the needs of Arizona’s technology businesses.

The Arizona Technology Council has worked collaboratively with many different technology champions to build this course. Technology issues are supported by the Governor’s office, the state’s legislature, the Arizona Commerce Authority, the Arizona Chamber of Commerce and Industry, and more.

Technology incubators and shared space facilities such as Gangplank in Chandler, Avondale and Tucson; Hackspace and Venture Catalyst at ASU’s SkySong in Scottsdale; BioInspire in Peoria; Innovation Incubator in Chandler; AzCI in Tucson; and AZ Disruptors in Scottsdale are making sure that today’s innovators are being given the right support, tools and environment to create the next big thing.

Collectively, our wins have included the passage of a tax credit for qualified research and development that is the best in the nation, the creation of the first statewide Arizona SciTech Festival and the birth of the Arizona Innovation Institute, to name a few.
Arizona’s technology industry also has great race cars. These are the technologies and intellectual property that create wealth and jobs driven by both Fortune 500 companies and entrepreneurs.  Companies such as Intel, Microchip Technologies, Freescale, ON Semiconductor and Avnet can all be found here.  Nearly all of the largest aerospace and defense prime contractors in the nation are located in Arizona, including Boeing, Honeywell, Lockheed Martin, Northrop Grumman and General Dynamics.

The state’s entrepreneurial spirit is reflected in companies such as WebPT, Infusionsoft, Axosoft, iLinc and Go Daddy that were founded in Arizona along with the many innovators that are coming to the table every day with new ideas rich in technology.

These companies large and small are driven by some of the greatest race car drivers the nation has produced.

But when it comes to fuel, Arizona’s economy has always been running close to empty. We lack the vital capital needed to win the race. Having access to angel investors, venture capital and private equity as well as debt instruments is critical to Arizona’s success.
The situation has not been improving on the equity side of the fuel equation. To offer some relief, the Arizona Technology Council is proposing legislation that would create a system of contingent tax credits to incentivize both in-state and out-of-state investors to capitalize Arizona companies.  This program, called the Arizona Fund of Funds, would allow the state to offer $100 million in tax incentives to minimize the risk for those seeking to invest in high-growth companies.  The state government’s role would be to serve as a guarantor through these contingent tax credits in case the investments don’t yield the projected results.  Expect more information on this important piece of legislation as it advances.

On the debt side of the fuel equation, there are encouraging signs that the worst of the credit crunch may be over. Early-stage companies need access to debt instruments, or loans. Capital is needed for equipment and expansion. A line of credit can help early-stage companies through ongoing cash-flow issues. But loan activity is still modest in Arizona for small companies. It remains heavily weighted toward the strongest corporate and consumer borrowers.

Capital goes hand in hand with innovation, high-paying jobs and cutting-edge technology, products and services. Before Arizona’s economy can win the race, we will need to become more self-sufficient at providing the fuel necessary to be a winner.

Steven G. Zylstra is president and CEO of the Arizona Technology Council.

semiconductor

ON Semiconductor Announces Retirement Of Notes Due In 2024

ON Semiconductor Corporation announced the retirement of $96.2 million in aggregate principal amount of its remaining outstanding Zero Coupon Convertible Senior Subordinated Notes due 2024, Series B (CUSIP No. 682189AE5) (the “Notes”). ON Semiconductor has redeemed approximately $96.2 million in principal amount of the Notes at par using available liquidity.

“We are pleased to announce the retirement of approximately $96.2 million of ON Semiconductor’s Zero Coupon Convertible Senior Subordinated Notes,” said Donald Colvin, ON Semiconductor executive vice president and CFO. “With this redemption, ON Semiconductor will eliminate future potential share dilution associated with the Notes.”

ON Semiconductor is a premier supplier of high performance, silicon solutions for energy efficient electronics. The company’s broad portfolio of power and signal management, logic, discrete and custom devices helps customers effectively solve their design challenges in automotive, communications, computing, consumer, industrial, LED lighting, medical, military/aerospace and power applications. ON Semiconductor operates a world-class, value-added supply chain 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.

For more information about ON Semiconductor, visit ON Semiconductor’s website at onsemi.com.

star tracker

ON Semiconductor To Develop Next Generation Star Tracker With The European Space Agency

ON Semiconductor, a premier supplier of high performance silicon solutions for energy efficient electronics today announced that the European Space Agency (ESA) has awarded it a joint development contract for the next generation star tracker CMOS Image Sensor (CIS), referred to as HAS3.

Once developed and qualified, the High Accuracy Star Tracker 3 (HAS3) image sensor will expand the STAR family of radiation-tolerant CIS. The existing HAS2 CIS offered today by ON Semiconductor is designed for Attitude and Orbit Control (AOCS) space applications. The HAS2 was developed and qualified under the General Support Technology Programme of the ESA. The device features an array of 1024 x 1024 active pixels (18 µm) and supports on-chip non-destructive readout and multiple windowing. Following its successful qualification in 2007, ON Semiconductor’s HAS2 image sensor has become the heart of a new generation of Star Trackers which have become the defacto industry standard.

The HAS3 next generation CIS to be jointly developed by ON Semiconductor and the ESA is expected to provide advanced sensor technology. The HAS3 will be a 1280 x 1280 pixel, radiation tolerant CMOS image sensor that features low read noise, 11 x 11 µm2 pixels having 14 bit performance. The HAS3 sensor will support multiple windowing, will be made available in a fully hermetic sealed package and has the option for backside illumination. Applications for the HAS3 device will include star trackers, sun sensors and other scientific applications.

When in July 2011, the silicon supplier producing the HAS2 wafers for ON Semiconductor announced that they would be discontinuing manufacture of this product, ON Semiconductor followed industry Product Change Notification procedures and put its HAS2 image sensor on a “Last Time Buy Status.” Where applicable, special arrangements have been made with existing customers to minimize the impact of this status change. In addition, ON Semiconductor has secured ample product inventory to supply this product to customers to service their predicted full lifetime needs. The company has been actively working with the ESA to perform systematic lot testing to assure HAS2 availability for the years to come. After this period, it is expected that the next generation HAS3 being jointly developed with the ESA will equip a new generation of APS Star Tracker.

“New product technology development and long term support for existing programs demonstrates ON Semiconductor’s commitment to the unique demands of the aerospace business,” said Vince Hopkin, vice president of Digital, Mil/Aero and CMOS Image Sensor Products at ON Semiconductor. “The company recognized that the HAS2 image sensor is a key component in multi-million dollar programs for which no acceptable replacement exists today for our customers. To support our customers and partners, the company made the decision and financial investment to secure sufficient wafer inventory to cover both our existing order backlog and the potential future demand for these HAS2 products from Plessey. We are proud to be a part of the ongoing development of advance image sensor technology supporting the aerospace market.”

According to Stephen Airey of the ESA’s Control Systems Division, “ESA have been working diligently with ON Semiconductor to secure and maintain the supply of the HAS2 image sensor. We are very pleased with the level of procured wafer stock and are convinced that this is more than sufficient for the foreseeable future. ESA is looking forward to the continued collaboration with ON Semiconductor to monitor and safeguard the supply of these components while simultaneously developing the next generation products.”

In case of any questions related to the specifications and/or availability of the HAS2 image sensor, please contact your local ON Semiconductor sales office or Customer Service representative.

ACC Awards 2012

ACC Awards 2012 Finalists: N-T

Effective corporate counsel has never been more important than it is now. Arizona Business Magazine is recognizing the important and vital role that in-house counsel plays in the success of a business with the Arizona Corporate Counsel Awards, ACC Awards 2012. The 27 finalists and winners were honored Thursday, January 12 during a ceremony and dinner at the Ritz Carlton Phoenix. Here are the finalists in alphabetical order, N through T.


ACC Awards 2012 Finalists, N through T:

Dennis Naughton
General counsel
Danny’s Family Companies

ACC Awards 2012Naughton accepted the position of general counsel with Danny’s Family Companies just as the nation was beginning to understand the extent of the economic destruction resulting from the great recession. It soon became apparent that the company would need to restructure if it was to survive. Naughton masterfully navigated the company through the perilous and complex legal waters of a Chapter 11 corporate restructuring. The company’s continued success and emergence from Chapter 11 is due in part to Naughton’s insight and legal leadership. He is a native of Arizona and graduate of Brophy College Preparatory in Phoenix.


ON Semiconductor
In-house legal department

ACC Awards 2012On Jan. 1, 2011, the acquisition of SANYO Semiconductor increased the ON law department from 29 to 47 legal professional. Still, the law department remains the smallest department in the company and consistently benchmarks favorably for cost expenditures for similarly situated in-house law departments. In recognition of the law department’s significant role in closing the SANYO deal, the M&A Advisor awarded the deal with the Major Transaction of the Year award for mergers and acquisitions from $500 million to $1 billion. On a personal note, department members participate in a wide variety of community service projects — from youth programs to animal rescue.


Karen Paul
General counsel
MD Helicopters

ACC Awards 2012According to David Kash, a partner at Ryley Carlock & Applewhite in Phoenix, Paul did a “great job for a company in an economy under very trying times.” Paul’s great work paid off in 2011 as MD Helicopters was awarded a $186 million contract by the Army to build rotorcraft for training exercises in Afghanistan. Among her duties:
* Contract negotiation and drafting — national, international, sales, distribution, procurement, U.S. government, complex commercial and intellectual property licensing, ownership, transfers and development.
* Regulatory compliance.
* Intellectual property and contracts portfolio and systems development and management.


Jessica M. Pena
General counsel
Tekco Management Group, LLC

ACC Awards 2012In three years at Tekco, Pena has fundamentally reinvented the company’s approach to enforcing its intellectual property rights. Pena’s innovative use of unfair competition claims in conjunction with copyright enforcement is just one example of her ability to find new ways to tackle old, entrenched problems. Additionally, Pena’s innovative approach to intellectual property rights enforcement ignited a renewed effort against online copyright infringement in the adult entertainment industry. Due to her innovative and successful approach to stopping online copyright infringement in her industry, Pena was invited to organize and moderate a panel at the 23rd North American Entertainment, Sports & Intellectual Property Law Conference.


Amy Rasor
Deputy general counsel
American Traffic Solutions

ACC Awards 2012Colleagues say Rasor has what it takes to create and maintain a well-oiled legal team as an in-house counsel. Some of her accomplishments include:
* Leading the legal aspects of two company acquisitions and countless lawsuits.
* After joining the legal team at ATS as the first associate general counsel, she was promoted to deputy general counsel the following year. She works with two other attorneys and two paralegals.
* Colleagues say Rasor is unequalled in her ability to foresee potential legal issues and head the off before they become a real problem for the company.


Michael Reagan
Executive vice president and general counsel
Kahala Corp

ACC Awards 2012Reagan has been Kahala’s general counsel since January 2000. From 1993 to 1995, he served as a senior accountant with Deloitte & Touche in Phoenix in its audit division. He is currently a licensed attorney, as well as a licensed Certified Public Accountant (CPA), in the state of Arizona. Reagan holds a B.S. in accounting from the University of Arizona and a J.D. from Arizona State University. In Reagan’s 12 years at Kahala, the company has grown from a handful of employees to more than 250, from one brand to 14 brands, and the legal department has grown from one lawyer to six lawyers and 10 paralegals.


Mark Rodgers
Associate general counsel
Insight Enterprises, Inc.

ACC Awards 2012Rogers’ responsibilities include corporate governance work, SEC reporting, mergers and acquisitions, financing, design and implementation of compliance programs, internal investigations, negotiation of contracts and litigation and labor and employment management. He sits on Insight’s Disclosure Committee and currently chairs the Investment Committees for the company’s 401(k) and Non-Qualified Deferred Compensation plans. Rogers was named a “Super Lawyer” in the 2007 Southwest Edition of Law & Politics Magazine and was the only in-house counsel named as a Super Lawyer in the edition. He is admired by colleagues for his great judgment, a key asset to outside counsel when analyzing facts and the law to develop strategies.


Cindy Sehr
Senior counsel
Catholic Healthcare West (Chandler Regional Medical Center)

ACC Awards 2012Sehr has 25 years of experience as an attorney and 20 of those years have been devoted to healthcare law. Working in the healthcare field, there are many components that a legal department has to take into consideration to abide by regulations set by the state and federal governments. Sehr has made those regulations easier for everyone on the CHW staff to understand. Through Sehr’s leadership and expertise, the medical centers have been able to navigate and overcome hurdles with a strong sense of support, guidance and leadership toward the correct and proactive steps that need to be made.


Thomas F. Tollison
Senior assistant general counsel — marketing group
U-Haul International, Inc.

ACC Awards 2012Colleagues say Tollison is an inspiration to those around him. “He inspires us to work hard and improve our craft,” said Isaac P. Hernandez, an associate at Ballard Spahr. “He inspires us to be leaders and to be involved with our communities. He reminds us to take a moment to smell the roses and enjoy life.” Among Tollison’s professional accomplishments is the negotiation of a multi-million-dollar asset/stock purchase of a telecommunications company, as well as providing lead counsel to the largest division on U-Haul — its marketing group.


Arizona Business Magazine January/February 2012

2012 ACC Awards Reception

Arizona Corporate Counsel Awards Reception (PHOTOS)

Nearly 300 in-house counsel attorneys and professionals congregated at The Ritz-Carlton in Phoenix on January 12, 2012 for the first annual 2012 Arizona Corporate Counsel.

Attendees from ON-Semiconductor, Grant Thornton, Ogletree Deakins, LifeLock, Barrett-Jackson and many more notable law firms and businesses shared a wonderful evening with AZ Business Magazine and AZ Big Media, where we recognized and celebrated the winners in each category for extraordinary legal skill and achievement across a full range of in-house responsibility, exemplary leadership and their contributions to the Arizona community at large.

We hope everyone enjoyed your evening, and we look forward to next year’s event.

Thank you to our sponsors and presenters,
and congratulations ACC Award winners!


Photos from the 2012 Arizona Corporate Counsel Awards reception:

[slickr-flickr tag="acc-awards-party" items="29" type="slideshow" id="54004193@N04"]

View this album on Flickr.

Arizona Corporate Counsel Awards 2012 Winners

In-House Counsel of the Year in the Government/Public Sector:
Jane Alfano, Senior Executive for SRP Agricultural Improvement and Power District

In-House Counsel of the Year – Nonprofit:
Cindy Sehr, Chandler Regional and Mercy Gilbert

In-House Counsel at a Small Private Company:
Virginia Llewellyn, Barrett- Jackson

In-House Counsel for a Large Private Company:
Christopher Kevane, Rural/Metro Corporation

In-House Counsel of the Year for a Small Public Company:
David Glynn, OneNeck IT

In-House Counsel of the Year for a Large Public Company:
Mark Rogers, American Corporate Counsel – Arizona Chapter Arizona

Intellectual Property Attorney of the Year:
Clarissa Cerda, LifeLock

Litigator of the Year:
Mark Larson, Honeywell

Up-and-Comer of the Year:
Lukas Grabiec, Intel

In-House Law Department of the Year:
ON-Semiconductor