U.S. company onsemi is investing $2 billion in expanding its semiconductor plant in Rožnov pod Radhoštěm, marking the largest corporate investment in Czechia. The new plant will produce power semiconductors for electric cars, renewable energy, and AI-driven data centers.

This move could make Rožnov a high-tech hub, creating around 1,300 new jobs and significantly boosting the local economy. Analysts view this as a strategic step towards attracting more tech investments to the region. Škoda Auto, a major car manufacturer, has welcomed the expansion, as it works with onsemi in providing car parts.

Source: onsemi.cz

Prepared by the CzechTrade London team.