Event announcement date · onsemi
onsemi signs agreements to divest two manufacturing facilities
onsemi announced definitive agreements to divest manufacturing facilities in Tarlac, Philippines and Mountain Top, Pennsylvania as part of its Fab Right manufacturing-footprint strategy.
Why it matters
The agreements reduce and reshape onsemi's owned manufacturing footprint while preserving transition arrangements for customer supply, but both divestitures were still pending closing conditions and regulatory approvals at announcement.
Original announcement / source · onsemi ↗