Power Semiconductors EU Approves Funding of €450/$520 Million for Onsemi-SiC-Fab

From Susanne Braun | Translated by AI 1 min Reading Time

Related Vendors

Onsemi wants to build a production plant for silicon carbide semiconductors in Rožnov pod Radhoštěm in the Czech Republic. The EU Commission is supporting this project by approving Czech funding amounting to 450 million euros (~$520 Million).

Onsemi builds a SiC production plant in the Czech Republic.(Image: Onsemi)
Onsemi builds a SiC production plant in the Czech Republic.
(Image: Onsemi)

The European Commission has approved state aid of around €450 million (~$520 Million) to the Czech Republic for the establishment of a fully integrated silicon carbide production facility by On Semiconductor (Onsemi). The aid supports the construction of a new production facility for silicon carbide power semiconductors and is intended to bundle modern production steps from material processing to final processing. Of course, the solutions produced there are particularly interesting for applications in electric vehicles, charging infrastructure and renewable energy systems. The EU considers SiC technology to be an important building block for future energy and mobility applications.

After examination by the European Commission, it was confirmed that the public funding has an incentivizing effect: without the state support, the investment would probably not have taken place in Europe. At the same time, the Commission does not see any disproportionate distortion of competition. "We welcome the European Commission's decision after a thorough and careful examination. This is a positive step that reflects the importance of Onsemi's technologies and our role in supporting the European Union's leadership in advanced, energy-efficient power semiconductors. We remain focused on supporting our customers throughout the ongoing process," commented Onsemi in a brief statement. (sb)

Subscribe to the newsletter now

Don't Miss out on Our Best Content

By clicking on „Subscribe to Newsletter“ I agree to the processing and use of my data according to the consent form (please expand for details) and accept the Terms of Use. For more information, please see our Privacy Policy. The consent declaration relates, among other things, to the sending of editorial newsletters by email and to data matching for marketing purposes with selected advertising partners (e.g., LinkedIn, Google, Meta)

Unfold for details of your consent