US chipmaker ON Semiconductor invests $2bn in the Czech town Roznov pod Radhostem for a European microchip manufacturing hub.

US chipmaker ON Semiconductor Corp. invests $2bn in Czech town Roznov pod Radhostem, transforming it into a European microchip manufacturing hub. It's the largest foreign investment in the Czech Republic in 30 years, focusing on electric vehicle and renewable energy chips with a Volkswagen contract. The expansion aims to quadruple Roznov's annual revenue to $1.2bn, diversifying the Czech economy and supporting EU chip supply efforts amidst global competition.

August 13, 2024
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