Japanese fund buys ON Semiconductor chip plant for $135 million
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Update time : 2022-11-01 14:12:12
A Japanese fund backed by the Development Bank of Japan and Itochu Corporation is acquiring a semiconductor plant owned by U.S. manufacturer ON Semiconductor for more than 20 billion yen (about $135 million), according to Nikkei Asian Review.
The Niigata-based plant will be equipped with the latest production facilities and will start OEM production of semiconductors for electric vehicles (EVs) in December.
Onsemi's website shows that it currently has two wafer fabrication facilities in Niigata, acquired after the acquisition of Sanyo Semiconductor in 2011, mainly for 5-inch and 6-inch wafer fabrication.
In fact, as early as August 2020, ON Semiconductor announced that it was considering selling its Niigata plant in Ohtani, Niigata Prefecture, Japan. The company said the sale of the Niigata facility is part of the company's restructuring plan to optimize its manufacturing base and focus more on highly differentiated power supply-related electronic components and sensor products
The Niigata plant, which was originally the main semiconductor plant of the Sanyo Electric Group, which ON Semiconductor acquired in 2011, is said to be automotive quality certified and compliant with IATF 16949 (the global industry standard for quality control). The company currently manufactures BCD, BiCMOS, CMOS and semiconductor discrete devices at its Niigata facility.
