{"id":4939,"date":"2019-05-13T12:09:47","date_gmt":"2019-05-13T12:09:47","guid":{"rendered":"https:\/\/staging.asminternational.org\/edfas\/on-semiconductor-to-acquire-300mm-fab-from-global-foundries-for-100-million\/"},"modified":"2023-02-23T21:22:08","modified_gmt":"2023-02-23T21:22:08","slug":"on-semiconductor-to-acquire-300mm-fab-from-global-foundries-for-100-million","status":"publish","type":"post","link":"https:\/\/www.asminternational.org\/edfas\/results\/-\/journal_content\/56\/10192\/37253894\/NEWS\/","title":{"rendered":"ON Semiconductor to acquire 300 mm fab from GlobalFoundries for $100 million"},"content":{"rendered":"<p style=\"margin-bottom:.0001pt\"><span style=\"line-height:normal\"><span style=\"font-size:12.0pt\">ON Semiconductor Corp., Phoenix, and GlobalFoundries, Santa Clara, Calif., have entered into a definitive agreement for ON Semiconductor to acquire a 300 mm fab located in East Fishkill, New York. The total consideration for the acquisition is $430 million, of which $100 million has been paid at signing of the definitive agreement. $330 million will be paid at the end of 2022, after which ON Semiconductor will gain full operational control of the fab, and the site\u2019s employees will transition to ON Semiconductor. Completion of the transaction is subject to regulatory approval and other customary closing conditions. <\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"line-height:normal\"><span style=\"font-size:12.0pt\">The agreement allows ON Semiconductor to increase its 300 mm production at the East Fishkill fab over several years, and allows for GlobalFoundries to transition its numerous technologies to the company\u2019s three other at-scale 300 mm sites. Under the terms of the agreement, GlobalFoundries will manufacture 300 mm wafers for ON Semiconductor until the end of 2022. First production of 300 mm wafers for ON Semiconductor is expected to start in 2020. <\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"line-height:normal\"><span style=\"font-size:12.0pt\">The agreement also includes a technology transfer and development agreement and a technology license agreement. This provides a world-class, experienced 300 mm manufacturing and development team to enable conversion of ON Semiconductor wafer processes from 200 mm to 300 mm. ON Semiconductor will also have immediate access to advanced CMOS capability, including 45 nm and 65 nm technology nodes. These processes will form the basis for future technology development at ON Semiconductor. <\/span><\/span><\/p>\n<p style=\"margin-bottom:.0001pt\">&nbsp;<\/p>\n<p style=\"margin-bottom:.0001pt\"><span style=\"line-height:normal\"><span style=\"font-size:12.0pt\"><a href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.globalfoundries.com%2F&amp;esheet=51972382&amp;newsitemid=20190422005309&amp;lan=en-US&amp;anchor=www.globalfoundries.com&amp;index=5&amp;md5=fd7cef00cb43c0f31433acdc06f4bdc8\" target=\"_blank\" rel=\"noopener\">www.globalfoundries.com<\/a><\/span> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ON Semiconductor Corp., Phoenix, and GlobalFoundries, Santa Clara, Calif., have entered into a definitive agreement for ON Semiconductor to acquire a 300 mm fab located in East Fishkill, New York.<\/p>\n","protected":false},"author":63103,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[434,435,436,1],"tags":[],"class_list":["post-4939","post","type-post","status-publish","format-standard","hentry","category-electronics","category-news","category-news-articles","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - 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