Strengthen ON Semiconductor’s ability to promote innovation and investment in disruptive, high-growth technologies
Improve ON Semiconductor’s silicon carbide (SiC) strength to meet customer needs for SiC-based solutions
Ensure the supply of SiC devices to customers and support the rapid growth of a sustainable ecosystem
November 2, 2021—Onsemi (NASDAQ: ON), a leader in smart power and smart sensing technology, announced on November 1, US time that it has completed the acquisition of silicon carbide (SiC) manufacturers Acquisition of GT Advanced Technologies (“GTAT”). This acquisition strengthens ON Semiconductor’s ability to ensure and increase the supply of SiC.
ON Semiconductor’s customers will benefit from GTAT’s extensive experience in crystal growth and its impressive technical capabilities and expertise in developing wafer-ready SiC. SiC is an important part of next-generation semiconductors, providing technological advantages and improving system energy efficiency in many applications, including electric vehicles (EV), EV charging, and energy infrastructure. ON Semiconductor intends to expand and accelerate GTAT’s SiC development to ensure the supply of key components to customers and further commercialize smart power technology.
Hassane El-Khoury, President and CEO of ON Semiconductor, said: “We are very excited to complete this acquisition so that we can increase SiC supply and fulfill our mission of building a sustainable future. As we move towards a carbon-free economy, SiC technology is a gift. Energy-efficient electric vehicles, renewable energy and charging infrastructure are key drivers of zero emissions. Through the integration of GTAT, ON Semiconductor can now provide end-to-end power solutions from SiC crystal growth to fully integrated smart power modules.”
El-Khoury continued: “We are proud to welcome the talented GTAT employees to the ON Semiconductor family. Their experience and insights in the SiC field are second to none, and we look forward to jointly promoting important new innovations that will contribute to the sustainable ecosystem. Development is crucial.”
This acquisition reinforces ON Semiconductor’s commitment to major investments in disruptive, high-growth technologies to drive innovation and leadership, including investments in the SiC ecosystem. ON Semiconductor plans to invest in the expansion of GTAT’s production facilities to support R&D work to advance 150mm and 200mm SiC crystal growth technology, while also investing in a wider SiC supply chain, including fab capacity and packaging.
About Onsemi
Onsemi (NASDAQ: ON) is promoting disruptive innovation to help build a better future. The company focuses on the automotive and industrial end markets, and is accelerating the transformation of major trends, including the electronicization and security of automotive functions, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. ON Semiconductor uses a highly differentiated and innovative product portfolio to create smart power and sensing technologies to solve the most complex challenges in the world and lead the creation of a safer, cleaner and smarter world.
For more information, please visit: https://www.onsemi.cn.
Post time: May-18-2022