ON Semiconductor announced that total revenues in the fourth quarter of 2006 were $401.6 million, an expected decrease of approximately 5 percent from the third quarter of 2006. Total revenues during the fourth quarter included approximately $364.5 million of product revenues and approximately $37.1 million of manufacturing services revenues. During the fourth quarter of 2006, the company reported net income of $87.4 million, which included a $10.2 million benefit, in restructuring, asset impairments and other. Total revenues for 2006 were $1.532 billion, an increase of 22 percent from $1.261 billion in 2005. During 2006, the company reported net income of $272.1 million that included a restructuring, asset impairment and other benefit of $6.9 million. During 2005, the company reported net income of $100.6 million that included $3.3 million in restructuring, asset impairments and other charges.