Business News

New Electronics brings you up-to-date Business News, covering the full spectrum of acquisitions, business deals and expansions happening in the electronics industry.

ON Semiconductor to acquire GLOBALFOUNDRIES’ 300mm facility

ON Semiconductor is to acquire GLOBALFOUNDRIES’ 300mm fab located in East Fishkill, New York.

The deal is worth $430 million, of which $100 million has been paid at signing of the definitive agreement, and $330 million will be paid at the end of 2022, after which ON Semiconductor will gain full operational control of the fab, and the site’s employees will transition to ON Semiconductor. Completion of the transaction is subject to regulatory approval and other ...

Infineon expands its development site in Linz

Infineon is looking to strengthen its research and development efforts in the field of high-frequency components and the Infineon Austria holding company DICE (Danube Integrated Circuit Engineering) has broken ground in Linz for a new facility.

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