Amid weak results On Semi puts fab up for sale

February 03, 2020 //By Peter Clarke
Amid weak results On Semi puts fab up for sale
On Semi has said it is looking for someone to buy its fab in Oudenaarde, Belgium and expects to move its own products to its other wafer fabs.

The company disclosed the sale plan alongside the announcement of reduced net profit and revenue in its 4Q19 financial results.

In 2019 On Semi bought a 300mm wafer fab in East Fishkill, New York, from Globalfoundries Inc. for $$430 million. Moving such manufacturing as it can on to larger 300mm-diameter wafers could help increase its efficiency of manufacturing. Oudenaarde is thought to still manufacture on 6-inch diameter wafers.

As part of efforts to promote an orderly transition for all parties involved, On Semi said it would enter into a supply agreement under mutually agreeable terms.

The Oudenaarde facility is an automotive qualified facility which meets the IATF 16949: 2016 global industry standard for quality management. The company believes that the facility is an attractive semiconductor manufacturing asset for a number of reasons, including its highly skilled workforce with extensive experience managing a diverse array of technologies and its close proximity to the world’s leading automotive innovation and manufacturing hub. Currently, the 44.000 square meter facility supports the company’s low, medium and high voltage analog CMOS and BCD technologies.

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