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onsemi completed the sale of its Niigata, Japan facility to JS Foundry K.K., a company founded by Mercuria Investment and Sangyo Sosei Advisory. onsemi entered into a wafer supply agreement with JS Foundry to ensure continuity of supply.
A buyer group led by Mercuria Investment, including Sangyo Sosei Advisory and Fukuoka Capital Partners, agreed to acquire the shares of JS Foundry Niigata, which will take over the semiconductor foundry business of On Semiconductor Niigata. The deal creates Japan's first independent specialty foundry for analog and power semiconductors.