onsemi Divests Niigata, Japan Fab
Company continues to execute on its fab-liter strategy; closed sale of
JS Foundry K.K. was founded through a partnership between
“After an in-depth search for a buyer for the last two years, we are confident to have found the right partner for the facility in JS Foundry K.K.,” said
JS Foundry K.K. is planning to use the site as the foundation for its new foundry business in
About onsemi
onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. onsemi offers a highly differentiated and innovative product portfolio, delivering intelligent power and sensing technologies that solve the world’s most complex challenges and leads the way to creating a safer, cleaner, and smarter world. onsemi is recognized as a Fortune 500® company and included in the S&P 500® index. Learn more about onsemi at www.onsemi.com.
onsemi and the onsemi logo are trademarks of
Cautions Regarding Forward-Looking Statements
Certain statements in this press release, including, among others, the expected closing of the transactions and the potential effects thereof, are “forward-looking statements”, as that term is defined in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are often characterized by the use of words such as “believes,” “estimates,” “expects,” “projects,” “may,” “will,” “intends,” “plans,” “should,” or “anticipates,” and similar expressions. All forward-looking statements in this press release are made based on onsemi’s current expectations, forecasts, estimates and assumptions, and involve risks, uncertainties and other factors that could cause results or events to differ materially from those expressed in the forward-looking statements. Additional factors that could cause results to differ materially from those projected in the forward-looking statements are contained in onsemi’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other of onsemi’s filings with the
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Head of Public Relations
onsemi
+1 (602)-315-3708
stefanie.cuene@onsemi.com
Vice President - Investor Relations & Corporate Development
onsemi
+1 (602)-244-3437
investor@onsemi.com
Source: onsemi