Connect with us

Czech Republic

Commission approves €450 million Czech State aid for Onsemi's new semiconductor manufacturing facility 

SHARE:

Published

7 months ago

on

We use your sign-up to provide content in ways you've consented to and to improve our understanding of you. You can unsubscribe at any time.

The European Commission has approved, under EU state aid rules, a €450 million (CZK 12 billion) Czech measure to support US chipmaker Onsemi in setting up a novel integrated chip manufacturing plant for Silicon Carbide (‘SiC') power devices in Rožnov pod Radhoštěm. The measure will contribute to increasing the EU's technological autonomy in semiconductor technologies. 

The aid will take the form of an approximately €450 million (CZK 12 billion) direct grant to Onsemi to support the company's €1.64 billion (CZK 39.6 billion) investment. The new facility, which is expected to start commercial operations by 2027, will be first-of-a-kind in the EU. The plant will use innovative manufacturing technologies and manufacture products with superior performance, currently not present in Europe. 

A press release is available online. 

Share this article:

Share this:
Related Topics:
EU Reporter publishes articles from a variety of outside sources which express a wide range of viewpoints. The positions taken in these articles are not necessarily those of EU Reporter. Please see EU Reporter’s full Terms and Conditions of publication for more information EU Reporter embraces artificial intelligence as a tool to enhance journalistic quality, efficiency, and accessibility, while maintaining strict human editorial oversight, ethical standards, and transparency in all AI-assisted content. Please see EU Reporter’s full A.I. Policy for more information.
Advertisement

Trending