ON Semiconductor mulls $2 billion investment in electric vehicle chip production

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.

Chief Financial Officer Thad Trent said during an analyst presentation the company is considering the expansion in either the United States, the Czech Republic or Korea.

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EU must build cutting-edge computer chips - industry chief BretonANTWERP, Belgium : EU industry chief Thierry Breton on Tuesday touted the European Chips Act passed last month, saying Europe must manufacture its own cutting-edge computer chips and not be relegated to a position on research or in building relatively older chips.'With the Chips Act now agreed, we are sen
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