News Formal

Onsemi completes acquisition of GlobalFoundries fabrication facility in New York - Phoenix Business Journal

  • 📰 phxbizjournal
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The Phoenix tech company is reportedly hiring hundreds of former workers at the New York semiconductor production facility. phoenix $ON $GFS

Onsemi has completed its acquisition of GlobalFoundries Inc.’s semiconductor factory in East Fishkill, New York in a deal valued at more than $430 million.

"The company is excited about what the addition of the East Fishkill fab brings to Onsemi and will share more details in a future announcement,” Mark Mingura, spokesman for Onsemi, said in an email to the Business Journal. Onsemi is reportedly rehiring more than 1,000 of GlobalFoundries’ employees upon taking over the facility, where it will focus on expanding its products used in electric vehicles, 5G mobile networks, industrial automation and cloud infrastructure. GlobalFoundries purchased the East Fishkill facility from IBM in 2015, according to the Times Union.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 254. in NG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Onsemi completes acquisition of GlobalFoundries fabrication facility in New York - Phoenix Business JournalPhoenix-based Onsemi has finalized an acquisition of GlobalFoundries Inc.'s semiconductor plant in East Fishkill, New York, where it will make 300 mm silicon wafers.
Source: phxbizjournal - 🏆 254. / 63 Read more »