onsemi Commemorates Transfer of Ownership of East Fishkill, New York Facility from GlobalFoundries with Ribbon Cutting Ceremony
February 10 2023 - 12:48PM
Business Wire
- Acquisition and investments planned for ramp-up at the East
Fishkill (EFK) fab create onsemi’s largest U.S. manufacturing
site
- EFK enables accelerated growth and differentiation for onsemi’s
power, analog and sensing technologies
- onsemi retains more than 1,000 jobs at the site
onsemi (Nasdaq: ON) a leader in intelligent power and
sensing technologies, today announced the successful completion of
its acquisition of GlobalFoundries’ (GF’s) 300 mm East Fishkill
(EFK), New York site and fabrication facility, effective December
31, 2022. The transaction added more than 1,000 world-class
technologists and engineers to the onsemi team. Highlighting the
importance of manufacturing semiconductors in the U.S., the company
celebrated this milestone event with a ribbon-cutting ceremony led
by Senate Majority Leader Chuck Schumer (NY), joined by Senior
Advisor to the Secretary of Commerce on CHIPS Implementation J.D.
Grom. Also in attendance were several other local governmental
dignitaries.
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Senate Majority Leader Chuck Schumer,
alongside onsemi CEO Hassane El-Khoury and J.D. Grom, Senior
Advisor to the Secretary of Commerce, cut the ribbon at onsemi's
inauguration celebration for their newly acquired East Fishkill
site. (Photo: Business Wire)
Over the last three years, onsemi has been focusing on securing
a long-term future for the EFK facility and its employees, making
significant investments in its 300 mm capabilities to accelerate
growth in the company’s power, analog and sensing products, and
enable an improved manufacturing cost structure. The EFK fab is the
largest onsemi manufacturing facility in the U.S., adding advanced
CMOS capabilities - including 40 nm and 65 nm technology nodes with
specialized processing capabilities required for image sensor
production - to the company’s manufacturing profile. The
transaction includes an exclusive commitment to supply GF with
differentiated semiconductor solutions and investments in research
and development as both companies collaborate to build on future
growth.
“With today’s ribbon cutting, onsemi will preserve more than
1,000 local jobs, continue to boost the state’s leadership in the
semiconductor industry, and supply ‘Made in New York' chips for
everything from electric vehicles to energy infrastructure across
the country,” said Senator Schumer. “I am elated that onsemi has
officially made East Fishkill home to its leading and largest
manufacturing fab in the U.S. onsemi has already hired nearly 100
new people and invested committed $1.3 billion to continue the
Hudson Valley’s rich history of science and technology for future
generations. I have long said that New York had all the right
ingredients to rebuild our nation’s semiconductor industry, and
personally met with onsemi’s top brass multiple times to emphasize
this as I was working on my historic CHIPS legislation. Thanks to
my CHIPS and Science Act, we are bringing manufacturing back to our
country and strengthening our supply chains with investments like
onsemi’s in the Hudson Valley.”
The EFK facility contributes to the community by retaining more
than 1,000 jobs. With the recent passage of the Federal CHIPS and
Science Act as well as the New York Green CHIPS Program, onsemi
will continue to evaluate opportunities for expansion and growth in
East Fishkill and its contribution to the surrounding community.
Earlier today, the Rochester Institute of Technology (RIT)
announced that onsemi has pledged to donate $500,000 over 10 years
to support projects and education aimed at increasing the pipeline
of engineers in the semiconductor industry.
“onsemi appreciates Senate Majority Leader Schumer’s unwavering
commitment to ensure American leadership in semiconductors and chip
manufacturing investments in New York,” said Hassane El-Khoury,
president and chief executive officer, onsemi. “With the addition
of EFK to our manufacturing footprint, onsemi will have the only
12-inch power discrete and image sensor fab in the U.S., enabling
us to accelerate our growth in the megatrends of vehicle
electrification, ADAS, energy infrastructure and factory
automation. We look forward to working with Empire State
Development and local government officials to find key community
programs and educational partnerships that will allow us to
identify, train and employ the next generation of semiconductor
talent in New York.”
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. onsemi
offers a highly differentiated and innovative product portfolio,
delivering intelligent power and sensing technologies that solve
the world’s most complex challenges and leads the way to creating a
safer, cleaner, and smarter world. onsemi is recognized as a
Fortune 500® company and included in the S&P 500® index. 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
website in this news release, information on the website is not to
be incorporated herein.
Forward-Looking Statements
This press release contains “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. However, all statements,
other than statements of historical facts, could be deemed
forward-looking statements. 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/20230210005319/en/
Parag Agarwal Vice President - Investor Relations &
Corporate Development onsemi (602) 244-3437 investor@onsemi.com
Stefanie Cuene Head of Public Relations onsemi (602)
315-3778 stefanie.cuene@onsemi.com
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