Reported Wednesday, onsemi To Invest $2B In Czech Republic For Advanced Silicon Carbide Semiconductor Production
Portfolio Pulse from Benzinga Newsdesk
onsemi announced a $2 billion investment in the Czech Republic to establish an advanced silicon carbide semiconductor production facility. This investment aims to strengthen the supply chain for its European and global customers and meet the rising demand for energy-efficient semiconductor solutions. The company is working with the Czech government on an incentive package to support this significant investment.
June 20, 2024 | 8:26 am
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onsemi's $2 billion investment in the Czech Republic for silicon carbide semiconductor production is expected to enhance its supply chain and meet the growing demand for energy-efficient solutions.
The significant investment in advanced semiconductor manufacturing will likely boost onsemi's production capabilities and market position, positively impacting its stock price in the short term.
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