Onsemi to invest $2B in chip manufacturing hub in Roznov, Czech Republic

ON Semiconductor Corp. (Onsemi) will expand an existing site in Roznov pod Radhostem, Czech Republic, to make chips for electric vehicles and renewable energy, with a $2 billion investment. The expansion is expected to create 800 new jobs over seven years.

“Onsemi will expand an existing site to make chips for electric vehicles and the renewable energy industry, with a contract with Volkswagen AG already lined up.”fortune.com

• 1 source
• fortune.comThis sleepy town in the Czech Republic known for its sweet pies and wooden houses just got $2 billion to help Europe compete in the global chip war | FortuneKrystof Chamonikolas, Michal Kubala, BloombergAug 13, 2024

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