# 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.

- Type: Acquisition
- Announced: 2019-03-30
- Where: East Fishkill, New York, United States
- Value: $430.0M
- Jobs: 1,300
- Status: announced
- Products: 300mm wafers, 45nm and 65nm technology nodes
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [GlobalFoundries](https://endata.com/companies/664.md)
- [GlobalFoundries](https://endata.com/companies/664.md) (target)
- [ON Semiconductor](https://endata.com/companies/15226.md) (acquirer)

## Sources

- [atreg.com](https://atreg.com/newsletters/atreg-fab-disposition-newsletter-q1-2019/), 2019-03-30: "The ATREG team provided key insight in bringing this partnership together."
- [eetimes.com](https://www.eetimes.com/gf-sells-ex-ibm-fab-to-on-semi/), 2019-04-22: "GlobalFoundries will sell its 300-mm Fab 10 in East Fishkill, New York, to ON Semiconductor for $430 million."
- [sec.gov](https://www.sec.gov/Archives/edgar/data/1097864/000119312519112768/d734181dex991.htm), 2019-04-22: "ON Semiconductor Corporation and GLOBALFOUNDRIES today announced that they have entered into a definitive agreement for ON Semiconductor to acquire a 300mm fab located in East Fishkill, New York."
- [electronicdesign.com](https://www.electronicdesign.com/technologies/analog/article/21807886/globalfoundries-sells-chip-production-plant-for-430-million), 2019-04-22: "Globalfoundries, seeking to streamline its contract chip manufacturing business, said Monday that it would sell one of its main production plants to On Semiconductor for $430 million."
- [tucson.com](https://tucson.com/business/article_be0a1151-6bc5-5c28-9812-4500dfbb19f6.html), 2019-04-22: "ON Semiconductor Corporation and GLOBALFOUNDRIES today announced that they have entered into a definitive agreement for ON Semiconductor to acquire a 300mm fab located in East Fishkill, New York."
- [poughkeepsiejournal.com](https://www.poughkeepsiejournal.com/story/news/local/2019/04/22/semiconductor-acquires-globalfoundries-east-fishkill-plant/3537021002/), 2019-04-22: "ON Semiconductor, a technology company that supplies semiconductor products, is purchasing the East Fishkill site in a $430 million deal that comes with a $720 million investment into the site over the next 10 years."
- [ien.com](https://www.ien.com/operations/news/21065346/semiconductor-firm-to-buy-ny-chip-plant), 2019-04-22: "Gov. Andrew Cuomo announced Monday that Phoenix-based ON Semiconductor will establish its first 300mm chip manufacturing plant at GlobalFoundries' Fab 10 facility in East Fishkill."
- [uticaphoenix.net](https://uticaphoenix.net/on-semiconductor-to-acquire-and-preserve-globalfoundries-fabrication-plant-in-hudson-valley/), 2019-04-23: "ON Semiconductor has committed to invest more than $720 million over 10 years in the East Fishkill facility to establish its first 300mm chip manufacturing plant"
- [atreg.com](https://atreg.com/press/atreg-successfully-assists-on-semiconductor-in-phased-acquisition-of-globalfoundries-300mm-east-fishkill-ny-facility/), 2019-04-25: "ATREG, Inc. announced today that it has successfully represented and assisted ON Semiconductor Corporation with the structure of a transaction to acquire GLOBALFOUNDRIES’ 300mm fab located in East Fishkill, New York for an amount of $430 million."
- [upstateunited.com](https://upstateunited.com/2019/04/29/on-semiconductor-to-acquire-globalfoundries-fab-10-manufacturing-facility/), 2019-04-29: "ON Semiconductor’s decision to expand and grow its operations in New York State is proof positive that smart investments in our innovation economy are working."
- [eetindia.co.in](https://www.eetindia.co.in/on-semi-acquisition-of-gf-fab-to-be-synergetic/), 2019-05-07: "Clearly, GF must become smaller and more focused on certain technologies to survive, and this deal with ON Semi is a major step in that direction."
- [forbes.com](https://www.forbes.com/sites/patrickmoorhead/2019/05/15/on-semiconductor-and-globalfoundries-both-win-with-its-430m-fab-10-deal/), 2019-05-15: "ON Semiconductor and Globalfoundries announced a $430 million agreement to transfer ownership of Globalfoundries 300mm Fab 10 in East Fishkill, New York, to ON Semiconductor."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.