onsemi Completes Acquisition of GT Advanced Technologies
2021年11月1日 - 7:00PM
ビジネスワイヤ(英語)
Strengthens onsemi’s ability to drive
innovation and to invest in disruptive, high-growth
technologies
Accelerates onsemi’s silicon carbide
(SiC) capabilities to meet customer demand for SiC-based
solutions
Assures customers supply of SiC devices to
support the rapid growth of the sustainable ecosystem
onsemi (Nasdaq: ON), a leader in intelligent power and
sensing technologies, today announced that it has completed its
acquisition of GT Advanced Technologies (“GTAT”), a producer of
silicon carbide (SiC). The acquisition enhances onsemi’s
ability to secure and grow supply of SiC.
onsemi’s customers will benefit from GTAT’s extensive
experience in crystalline growth as well as its impressive
technical capabilities and expertise in the development of
wafering-ready SiC. SiC is a key component of next-generation
semiconductors that provide technical benefits and improve system
efficiency in many applications, including electric vehicles (EVs),
EV charging and energy infrastructure. onsemi intends to
scale and accelerate GTAT’s development of SiC to assure customers
supply of critical components and further commercialize intelligent
power technologies.
“We are thrilled to have completed this acquisition, which
enables us to boost SiC supply as we carry out our mission of
building a sustainable future,” said Hassane El-Khoury, president
and chief executive officer of onsemi. “As we move to a
carbon free economy, SiC technology is a key driver to enable zero
emissions in high efficiency electric vehicles, renewable energy
and charging infrastructure. By integrating GTAT, onsemi can
now provide end-to-end power solutions from SiC crystal growth to
fully integrated intelligent power modules.”
El-Khoury continued, “We are proud to welcome GTAT’s incredibly
talented employees to the onsemi family. Their experience
and insights in the SiC space are second to none, and we look
forward to working together to drive important new innovations that
are critical to the growth of the sustainable ecosystem.”
The acquisition reinforces onsemi’s commitment to make
substantial investments in disruptive, high-growth technologies to
drive differentiation and leadership, including in the SiC
ecosystem. onsemi plans to invest in expanding GTAT’s
manufacturing facilities, supporting research and development
efforts to advance 150mm and 200mm SiC crystal growth technology,
while also investing in the broader SiC supply chain, including Fab
capacity and packaging.
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. With a highly differentiated and innovative product
portfolio, onsemi creates intelligent power and sensing
technologies that solve the world’s most complex challenges and
leads the way in creating a safer, cleaner, and smarter world.
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. Although the company
references its Web site in this news release, such information on
the Web site is not to be incorporated herein.
Cautions Regarding Forward-Looking Statements
Certain statements in this press release, including, among
others, the expected closing of the transactions and the potential
effects thereof, are forward-looking statements within the meaning
of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements are often characterized by the use of
words such as “believes,” “estimates,” “expects,” “projects,”
“may,” “will,” “intends,” “plans,” “should,” or “anticipates,” and
similar expressions. All forward-looking statements in this press
release are made based on onsemi’s current expectations,
forecasts, estimates and assumptions, and involve risks,
uncertainties and other factors that could cause results or events
to differ materially from those expressed in the forward-looking
statements. Among these, such risks and uncertainties include, but
are not limited to, risks relating to the integration of GTAT,
including the potentially accretive and synergistic benefits and
that expected benefits may not materialize as expected. Additional
factors that could cause results to differ materially from those
projected in the forward-looking statements are contained in
onsemi’s 2020 Annual Report on Form 10-K, Quarterly Reports
on Form 10-Q, Current Reports on Form 8-K and other of
onsemi’s filings with the SEC. onsemi assumes no
obligation to update such information, except as may be required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211101005252/en/
Media Contacts:
Stefanie Cuene Corporate Communications onsemi +1
(602)-244-3402 stefanie.cuene@onsemi.com
Finsbury Glover Hering for onsemi +1 (646)-805-2000
onsemi@fgh.com
Investor Contact:
Parag Agarwal Vice President - Investor Relations &
Corporate Development onsemi +1 (602)-244-3437
investor@onsemi.com
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