ON Semiconductor acquires GLOBALFOUNDRIES' 300mm fab in New York for $430M

ON Semiconductor agreed to acquire GLOBALFOUNDRIES' 300mm fab in East Fishkill, New York for $430 million. $100 million paid at signing, $330 million due at end of 2022 when ON Semi gains full operational control.

“The ATREG team provided key insight in bringing this partnership together.”atreg.com

• 12 sources
• atreg.comATREG, Inc. | Fab disposition newsletter, Q1 2019Posted on March 30, 2019 by ATREGMar 30, 2019
• eetimes.comGF Sells Ex-IBM Fab to ON Semi - EE TimesRick MerrittApr 22, 2019
• sec.govEX-99.1Apr 22, 2019
• electronicdesign.comGlobalfoundries Sells Chip Production Plant for $430 Million | Electronic DesignJames MorraApr 22, 2019
• tucson.comON Semiconductor and GLOBALFOUNDRIES Partner to Transfer Ownership of East Fishkill, NY 300mm FacilityApr 22, 2019
• poughkeepsiejournal.com

Summarized from public sources; check the original articles before acting on it.