: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.
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:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Company director admits having almost 10,000 fake 3M masks for sale during COVID-19 pandemicSINGAPORE: During the early days of the COVID-19 pandemic, the director of a company realised that there was a demand for 3M-brand masks. He looked for a supplier and found one in Taiwan, but when a shipment was seized on suspicion of being counterfeit, he merely engaged a company to test the bacterial fil
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Paris airports company Groupe ADP becomes Paris 2024 official partnerPARIS : Paris airports company Groupe ADP has become Paris 2024 Olympics and Paralympics official partner, organisers said on Tuesday.'The group, which welcomes nearly 90 million passengers each year in Paris, will put its expertise in terms of reception at the service of the athletes, the Olympic family
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »