onsemi Expands its Silicon Carbide Fab in the Czech Republic

Rhea-AI Summary

onsemi (Nasdaq: ON) has inaugurated its expanded silicon carbide (SiC) fab in Roznov, Czech Republic, boosting wafer production capacity by 16 times within two years to meet growing microchip demand. The project will create 200 jobs by the end of 2024 and involves an investment of over $450 million, with more than $150 million already allocated. This expansion enhances onsemi's manufacturing efficiency and supply chain control for SiC solutions, crucial for electric vehicles and energy infrastructure, reinforcing the company's commitment to sustainable technology.

Positive

• Expansion of SiC fab to increase production capacity by 16 times.
• Creation of 200 jobs by the end of 2024.
• Investment exceeding $450 million enhances operational capabilities.
• Recognition with AFI Prize for significant contribution to investment in the Czech Republic.

Negative

• None.

The facility will increase its Silicon Carbide (SiC) wafer production capacity by 16 times over the next two years to address the sharply increasing demand for microchips

ROZNOV, Czech Republic--(BUSINESS WIRE)-- onsemi (Nasdaq: ON), a leader in intelligent power and sensing technologies, today celebrated the inauguration of its expanded silicon carbide (SiC) fab in Roznov, Czech Republic. Multiple guests of honor attended the ribbon cutting ceremony led by Ministry of Industry and Trade Section Chief Zbyněk Pokorný, Governor of the Zlín Region Radim Holiš and City Mayor Jiří Pavlica as well as other local governmental dignitaries, signifying the importance of this event and manufacturing of semiconductors in the Czech Republic.

onsemi expands Roznov Silicon Carbide Fab (Photo: Business Wire)

Starting in 2019, onsemi added SiC polished wafer and SiC epitaxy (EPI) wafer production to its existing silicon polished and epitaxy wafer and die manufacturing in Roznov. Having outgrown the original site, reconstruction of a new building began last year to further expand wafer and SiC EPI manufacturing. Over the next two years, this expansion will increase the site’s SiC production capabilities by 16 times and create 200 jobs by the end of 2024. So far onsemi has invested more than $150 million in the Roznov site and plans to spend an additional $300 million through 2023. onsemi was recently awarded the Association for Foreign Investments (AFI) Prize for Significant Contribution in the Field of Investment for its SiC investments in the Czech Republic.

“Together with our SiC boule production expansion in Hudson, NH, these increased SiC manufacturing capabilities enable onsemi to provide customers the critical supply assurance to meet the rapidly growing demand for SiC-based solutions,” said Simon Keeton, executive vice president and general manager Power Solutions Group at onsemi. “Full control over our SiC manufacturing supply chain and the market-leading efficiency of our products underscore onsemi’s progress toward SiC leadership.”

SiC is critical for enabling efficiency in electric vehicles (EVs), EV charging, and energy infrastructure and is an important contributor on the path to decarbonization.

About onsemi

onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500^® company and included in the S&P 500^® index. Learn more about onsemi at www.onsemi.com.

onsemi and the onsemi logo are trademarks of Semiconductor Components Industries, LLC. All other brand and product names appearing in this document are registered trademarks or trademarks of their respective holders.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220921005803/en/

Stefanie Cuene

Public Relations

onsemi

(602) 315-3778

Stefanie.Cuene@onsemi.com



Parag Agarwal

Vice President - Investor Relations & Corporate Development

onsemi

(602) 244-3437

investor@onsemi.com

Source: onsemi

FAQ

What is the significance of onsemi's SiC fab expansion in Roznov?

The expansion will increase onsemi's silicon carbide wafer production capacity by 16 times, addressing the rising demand for microchips.

How much is onsemi investing in the Roznov facility for SiC production?

onsemi is investing over $450 million in the Roznov facility, with more than $150 million already committed.

How many jobs will the SiC fab expansion create?

The SiC fab expansion is expected to create 200 jobs by the end of 2024.

When did onsemi start SiC production in Roznov?

onsemi began adding SiC polished and epitaxy wafer production in Roznov in 2019.

What is the expected impact of onsemi's SiC solutions?

onsemi's SiC solutions are critical for improving efficiency in electric vehicles and energy infrastructure, contributing to decarbonization efforts.