Press release
onsemi Commemorates Transfer of Ownership of East Fishkill, New York Facility from GlobalFoundries with Ribbon Cutting Ceremony
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
About this update from On Semiconductor Corporation
[{"type":"text","content":"\n\nAcquisition and investments planned for ramp-up at the East Fishkill (EFK) fab create onsemi’s largest U.S. manufacturing site\n\n\nEFK enables accelerated growth and differentiation for onsemi’s power, analog and sensing technologies\n\n\nonsemi retains more than 1,000 jobs at the site\n\n\n PHOENIX--(BUSINESS WIRE)--\nonsemi (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.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230210005319/en/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)\nOver 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.\n\n“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 su...