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US semiconductor house onsemi to build $2bn AI factory in Central Europe

The capital commitment, still pending all final regulatory and incentive approvals, represents one of the largest foreign expenditures in the Central European nation.

By João Marques Lima

Founder and Editor, The Tech Capital

3 Mins

July 03, 2024 | 11:35 AM BST

US semiconductor house onsemi to build $2bn AI factory in Central Europe

Hassane El-Khoury, president and CEO, onsemi,

The Tech Capital

Semiconductor manufactured onsemi (Nasdaq: ON) said it intends to carry out a multi-year brownfield investment of up to US$2 billion (44 billion CZK) in the deployment of a vertically integrated silicon carbide (SiC) manufacturing facility in the Czech Republic.

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João Marques Lima

Founder and Editor, The Tech Capital

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