Onsemi Completes GlobalFoundries 300mm Fab Acquisition for $430 Million

On February 13, Onsemi announced that it had successfully completed the acquisition of GlobalFoundries' 300mm facility in East Fishkill (EFK), New York, on December 31, 2022. The acquisition added more than 1,000 world-class technicians and engineers to ON Semiconductor.

On April 22, 2019, Onsemi and GF announced an agreement to acquire GF's Fab 10 300mm wafer located in East Fishkill, New York, USA. The total price is $430 million, with $100 million already paid upon signing of the definitive agreement and $330 million due at the end of 2022.

Onsemi stated that this acquisition will allow Onsemi to obtain 300mm wafer manufacturing capabilities (previously only 200mm wafers could be manufactured), and at the same time obtain related process technology and licensing agreements from Global Foundries, especially advanced CMOS technologies, including 45nm and 65nm technology node.

Onsemi President Hassane El-Khoury introduced that the fab will produce chips that support electric vehicles, electric vehicle charging and energy infrastructure.