:ON Semiconductor Corp is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on Tuesday.
ON Semiconductor is a longtime supplier to the automotive industry, supplying both chips that go into drive trains of electric cars as well as a broad swath of other chips like cameras and sensors that help with driver-assistance systems. In an interview, ON Semiconductor Chief Executive Hassane El-Khoury said the firm's silicon carbide chip production is currently centered on one of its factories in Bucheon, South Korea. The company plans to find"end-to-end" production, meaning that whichever site it chooses will transform raw silicon carbide powder into a chip.
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ON Semiconductor mulls $2 billion investment in electric vehicle chip productionON Semiconductor Corp is considering investing $2 billion in boosting production of silicon carbide chips that are widely used to help extend the range of electric vehicles, company executives said on Tuesday.Chief Financial Officer Thad Trent said during an analyst presentation the company is considering
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