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General

On Semiconductor buys New York fab from GlobalFoundries for USD 430 mln

Tuesday 23 April 2019 | 11:44 CET | News
ON Semiconductor said it has acquired GlobalFoundries 300mm fab located in East Fishkill, New York, for a total of USD 430 million. Of the total, USD 100 million has already been paid. The remaining USD 330 million will be given at the end of 2022, after which ON Semiconductor will gain full operational control of the fab. Completion of the transaction is subject to regulatory approval and other customary closing conditions.

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Categories: General
Companies: ON Semiconductor
Countries: United States
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