As a part of onsemi’s fab-liter manufacturing strategy aimed at sustainable financial performance, its operational 200mm manufacturing fab located in South Portland, Maine, US (SPFAB) has now officially been acquired by Diodes Incorporated. The deal was managed by Seattle-based ATREG, Inc, which specialises in helping advanced technology companies divest and acquire infrastructure-rich manufacturing assets (semiconductor fabs and cleanrooms).
The deal strengthens Diodes’ US-based facility in its existing wafer fabrication operations in Asia and Europe. Diodes will add 200mm capacity for analog products and be able to accelerate its growth initiatives in the automotive and industrial markets.
“As we transition production to more efficient fabs within our global network, we will improve our cost structure by eliminating fixed costs associated with the sold fabs,” explains Wei-Chung Wang, executive vice president, global manufacturing and operations for onsemi. “We are grateful to the ATREG team for helping us engineer this win-win transaction with Diodes.”
“Demand for 200mm brownfield fab assets is at an all-time high and semiconductor manufacturers are leaving no stone unturned to maintain and increase their wafer production capacity,” adds Stephen Rothrock, founder, president, and CEO of ATREG. “With this disposition, onsemi can now transition production from the South Portland fab to other manufacturing sites while Diodes benefits from fully operational facilities and needed engineering talent in the context of a global workforce shortage.”
