onsemi Divests Wafer Manufacturing Sites as Part of Fab-Liter Strategy
2022年2月28日 - 10:15PM
ビジネスワイヤ(英語)
Company entered into definitive agreement to
sell its South Portland, Maine fab and closed sale of Belgium
fab
onsemi (Nasdaq: ON), a leader in intelligent power and sensing
technologies, is executing on its fab-liter manufacturing strategy
with the ultimate goal of sustainable financial performance through
gross margins expansion.
Last week the company signed a definitive agreement to divest
its South Portland, Maine fab. Earlier this month, onsemi closed on
the sale of its wafer fabrication facility in Oudenaarde, Belgium.
As onsemi transitions production to more efficient fabs within its
network, it will improve its cost structure by eliminating fixed
costs associated with the sold fabs and lowering its unit
costs.
“The proposed divestitures show that we are well on our way to
achieve an optimized manufacturing network while supporting our
customers with long-term assurance of supply,” said Hassane
El-Khoury, president and chief executive officer of onsemi. “The
transactions provide employees at the affected fabs with continued
employment and growth opportunities while allowing onsemi to
transition production from these fabs to other manufacturing sites
in an orderly manner.”
onsemi and Diodes Incorporated entered into a definitive
agreement for the divestiture of onsemi’s wafer fabrication
facility and operations in South Portland, Maine. Diodes plans to
expand on its 200mm wafer fab capacity in support of its analog
product growth. The transaction is expected to close in the second
quarter of 2022.
On February 8, 2022, onsemi completed the sale of its
manufacturing facility in Oudenaarde, Belgium to BelGaN Group BV, a
consortium of investors and executives with extensive expertise in
semiconductors, BelGaN plans to become a leading 6-inch and 8-inch
gallium nitride (GaN) foundry in Belgium.
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.
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
website in this news release, such information on the website 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”, as that term is
defined in Section 27A of the Securities Act of 1933, as amended
and Section 21E of the Securities Exchange Act of 1934, as amended.
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.
Additional factors that could cause results to differ materially
from those projected in the forward-looking statements are
contained in onsemi’s 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, respectively. 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/20220228005254/en/
Stefanie Cuene Head of Public Relations onsemi +1 (602)-315-3708
stefanie.cuene@onsemi.com
Parag Agarwal Vice President - Investor Relations &
Corporate Development onsemi +1 (602)-244-3437
investor@onsemi.com
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