Diodes said it has completed the transaction to acquire onsemi’s wafer fab in South Portland, Maine, US. Diodes to continue to fabricate onsemi’s devices from this facility as onsemi completes the transferring of this production into its other wafer fabs.
Diodes to make its range of discrete, analog signal chain and power ICs from this fab using CMOS and BiCMOS processes.
“We are pleased to successfully complete this transaction, which aligns with our strategic objective for significant revenue and gross profit dollar growth over the next several years,” said Diodes’ chairman, president and chief executive officer, Dr. Keh-Shew Lu. “First, I would like to welcome SPFAB employees to the Diodes’ family. The team’s exceptional engineering capabilities and skills will support our technical and operational performance expectations. SPFAB provides additional 200mm wafer fab capacity for analog products to accelerate our growth initiatives in the automotive and industrial end markets. This US-based facility, together with our existing facilities in Asia and Europe, further enhances our global manufacturing footprint and greatly increases Diodes’ internal capacity and competitive advantage in this supply constrained environment, while also supporting our future long-term growth. With the transaction now closed, we aim to aggressively ramp new wafer fab processes and capabilities at SPFAB in alignment with Diodes’ strategic growth plan.”