Jun 19, 2024, 4:30 PM
Jun 19, 2024, 3:48 PM
US chipmaker onsemi announces $2 billion investment in Czech Republic chip production facility
- US chipmaker onsemi plans to invest $2 billion in a chip production facility in the Czech Republic.
- The investment is expected to span over multiple years.
- This move indicates a significant expansion in the semiconductor manufacturing industry.
The U.S. chipmaker onsemi plans a $2 billion investment in its Czech production facility in Roznov pod Radhostem, the largest foreign investment since 1993. This move will significantly increase chip production, create 3,000 jobs, and enhance the supply chain for power semiconductors. The site will focus on intelligent power semiconductors for electric vehicles, renewable energy, and AI data centers. The car industry, a vital part of the Czech economy, is closely linked to this investment, with Volkswagen's Skoda Auto being a strategic partner. The Czech government will discuss potential incentives with onsemi.