Onsemi: $2 Billion Investment In Czech Republic

ON Semiconductor Corporation, also known as onsemi, is an American semiconductor supplier company founded in 1999 and headquartered in Scottsdale, Arizona. It specializes in power and signal management, custom devices for automotive, communications, computing, military/aerospace, and power applications.

According to reports, onsemi has announced plans to invest $2 billion USD in the Czech Republic to enhance its semiconductor facility in the country.

This investment is the single largest direct foreign investment in the country and will be used to expand the company’s production facility in Roznov, which currently produces 10 million chips per day, to take on the production of silicon carbide semiconductor chip modules used in the automotive and renewables sectors by 2027.