---

Cherry Corporation Completes Sale of Its Semiconductor Subsidiary

4 April 2000

Cherry Corporation Completes Sale of Its Semiconductor Subsidiary

    WAUKEGAN, Ill., April 3 The Cherry Corporation
today announced that it has closed the sale of its subsidiary,
Cherry Semiconductor Corporation, to Semiconductor Components Industries, LLC,
a subsidiary of SCG Holding Corporation, which does business under the trade
name, ON Semiconductor(TM).
    The Cherry Corporation manufactures proprietary and custom electrical
switches, sensors, electronic keyboards and controls for the worldwide
automotive, computer, and consumer and commercial markets.  The company has
seven wholly owned subsidiaries in the United States, Germany, England,
France, Australia, Czech Republic, Mexico and Hong Kong.  Cherry also has
50-50 joint ventures in Japan, Hirose Cherry Precision Company Limited, and in
India, TVS Cherry Limited.  Additional information is available on the
company's website at http://www.cherrycorp.com .