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U.S. Onsemi to Invest USD 2 Billion in Czech Semiconductor Production
Onsemi has chosen the Czech Republic for its semiconductor production, with a planned multi-year investment of up to $2 billion. This major investment will secure the supply chain for innovative power semiconductors for Europe and beyond, marking one of the largest private sector investments in Czech history and a significant move for Central Europe.
Global trends in electrification, renewable energy, and AI are driving demand for advanced power semiconductors. In response, Onsemi will build a vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic. This site will produce intelligent power semiconductors essential for improving energy efficiency in electric vehicles, renewable energy, and AI data centers.
“This decision confirms our country’s attractiveness for foreign investment and will significantly boost our economy,” said Jozef Síkela, Czech Minister of Industry and Trade. “It strengthens our position in the semiconductor field and aids the automotive industry’s shift to electromobility.”
Onsemi's $2 billion investment will enhance silicon crystal growth, silicon and silicon carbide wafer production, and silicon wafer fabrication in the Czech Republic. The facility will produce over three million wafers annually, boosting the nation's GDP by more than $270 million per year. This investment aligns with the European Chips Act, strengthening the EU's semiconductor supply chain.
Source: Business Wire
Provided by the team of CzechTrade Qatar
