Onsemi to invest $1 billion in research center and fab in Bucheon, South Korea

Onsemi agreed to invest 1.4 trillion won ($1 billion) to build a new research center and manufacturing facility in Bucheon, Gyeonggi, South Korea, to produce silicon carbide power chips for electric vehicles. Construction has commenced, with completion expected by 2025. The project is expected to create 500 jobs.

“U.S. chipmaker onsemi agreed to invest 1.4 trillion won ($1 billion) into building a new research center and manufacturing facility in Bucheon, Gyeonggi, to produce power chips by 2025.”koreajoongangdaily.com

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• koreajoongangdaily.comOnsemi to invest $1 billion in Gyeonggi research centerPARK EUN-JEEJul 7, 2022

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