The semiconductor industry is getting a substantia boost now that onsemi, a Phoenix-based chip manufacturer, has completed its acquisition of Global Foundries”™ space in East Fishkill”™s iPark. On Friday, Feb. 10, onsemi CEO Hassene E-Khoury welcomed New York Senator Charles Schumer and dozens of local officials to its newest manufacturing facility. Schumer was instrumental in bringing the semiconductor company to the former IBM property after Global Foundries shuttered the 212,000-square-foot chip-fabrication plant in 2019.
Since then, Schumer and E-Khoury have been working to stave off the loss of more than 1,000 tech jobs. onsemi has committed $1.3 billion, which will be buoyed by the passage of the Federal Chips and Science Act in summer 2022. The legislation was championed by Schumer, who says onsemi “will be instrumental in helping to rebuild the nation”™s semiconductor industry.” New York”™s Green Chips Program will also help support the expansion of the semi-conductor industry and bring business back from overseas.
onsemi has made significant investments in its 300mm capabilities to accelerate growth in the company”™s power, analog and sensing systems, thereby enabling an improved manufacturing cost structure. Its East Fishkill location is the largest onsemi manufacturing facility in the United States The company has made a commitment to supply Global Foundries with differentiated semiconductor solutions and investments in research and development as both companies collaborate to build on future growth.
To further the mission of making semiconductor production a top priority, onsemi has committed to building its semiconductor workforce pipeline by donating $500,000 to Rochester Institute of Technology over the next 10 years.
