Announced
Financials
Sources
Tags
Private
Domestic
Friendly
Pending
Private Equity
Acquisition
Japan
power semiconductors
Majority
Semiconductors
Synopsis
Mercuria Holdings, a fund backed by the Development Bank of Japan, and Itochu, a Japanese trading house, agreed to acquire a 200mm wafer fab from ON Semiconductor, a supplier of power semiconductors and sensors. Financial terma were not disclosed. The fab, located in Niiagata, Japan, will begin to operate as a foundry manufacturing power semiconductors, starting in December. Mercuria is planning to buy more Japanese fabs for contract manufacturing, in a bid to strengthen the country's chip manufacturing capability.
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