Diodes completes takeover of onsemiís semiconductor fab in Maine, US
Diodes said it has completed the transaction to acquire onsemiís wafer fab in South Portland, Maine. Diodes to continue to fabricate onsemiís devices from this facility as onsemi completes the transferring of this production into its other wafer fabs.
Diodes to makes its range of discrete, analog signal chain and power ICs from this fab using CMOS and BiCMOS processes.
ďWe are pleased to successfully complete this transaction, which aligns with our strategic objective for significant revenue and gross profit dollar growth over the next several years,Ē said Diodesí chairman, president and chief executive officer, Dr. Keh-Shew Lu. ďFirst, I would like to welcome SPFAB employees to the Diodesí family. The teamís exceptional engineering capabilities and skills will support our technical and operational performance expectations. SPFAB provides additional 200mm wafer fab capacity for analog products to accelerate our growth initiatives in the automotive and industrial end markets. This US-based facility, together with our existing facilities in Asia and Europe, further enhances our global manufacturing footprint and greatly increases Diodesí internal capacity and competitive advantage in this supply constrained environment, while also supporting our future long-term growth. With the transaction now closed, we aim to aggressively ramp new wafer fab processes and capabilities at SPFAB in alignment with Diodesí strategic growth plan.Ē
Author: Srinivasa Reddy N