# 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.

- Type: Investment
- Announced: 2022-07-07
- Where: Bucheon, Gyeonggi, South Korea
- Value: $1.00B
- Jobs: 500
- Starts operating: 2025
- Status: under construction
- Products: silicon carbide power semiconductors, SiC power chips
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [onsemi](https://endata.com/companies/15223.md)

## Sources

- [koreajoongangdaily.com](https://www.koreajoongangdaily.com/business/onsemi-to-invest-1-billion-in-gyeonggi-research-center/11792224), 2022-07-07: "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."

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