# Okmetic breaks ground on €400M wafer fab in Vantaa, Finland

Okmetic Oy has broken ground on a €400 million fabrication facility in Vantaa, Finland, for 200mm-diameter wafers. The company plans to hire 500 additional employees, with wafer production expected in 2025.

- Type: New facility
- Announced: 2023-01-08
- Where: Vantaa, Finland, Finland
- Value: $424.0M (400.0M EUR)
- Jobs: 500
- Starts operating: 2025
- Status: under construction
- Products: 200mm silicon wafers
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [Okmetic](https://endata.com/companies/23209.md)
- [National Silicon Industry Group](https://endata.com/companies/23351.md) (investor)

## Sources

- [eenewseurope.com](https://www.eenewseurope.com/en/china-owned-okmetic-breaks-ground-on-200mm-wafer-fab/), 2023-01-08: "China-owned silicon wafer manufacturer Okmetic Oy has broken ground at Vantaa, Finland, on a €400 million fabrication facility."

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