onsemi plans to invest $2 billion to increase SiC chip production
May. 22, 2023 /SemiMedia/ — According to Reuters, onsemi is considering investing $2 billion to increase production of silicon carbide chips in the United States, the Czech Republic or South Korea.
onsemi Chief Executive Hassane El-Khoury said the company’s silicon carbide chip production is currently concentrated at a fab in Bucheon, South Korea. The company plans to look for “end-to-end” production, meaning whichever site it chooses, it will turn raw silicon carbide powder into chips.
ON Semiconductor is a supplier to the auto industry, supplying not only chips for the powertrain of electric vehicles but also other chips such as cameras and sensors that help in driver assistance systems. The company produces more than half of its chips in-house and has invested in a complete supply chain for energy-efficient silicon carbide chips, producing raw materials and finished chips in-house.
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