12.01.22
onsemi announced the completion of the sale of its Niigata, Japan facility to JS Foundry K.K. The divestiture aligns with onsemi’s fab-liter strategy to expand gross margin and improve predictably of its financial results by reducing fixed cost footprint.
JS Foundry K.K. was founded through a partnership between Mercuria Investment Co., Ltd. (Mercuria) and Sangyo Sosei Advisory Corporation Inc. (SSA). Through their partnership, they established JS Foundry K.K. to be a Japanese-owned foundry company to supply semiconductors to Japanese customers.
“After an in-depth search for a buyer for the last two years, we are confident to have found the right partner for the facility in JS Foundry K.K.,” said Hassane El-Khoury, president and CEO of onsemi. “As always, when making decisions about our manufacturing structure and facilities across the globe, we consider the well-being of employees and seek to create a smooth transition for everyone involved. We look forward to a bright future for JS Foundry KK and Niigata employees, who we thank for their hard work and commitment to onsemi.”
JS Foundry K.K. is planning to use the site as the foundation for its new foundry business in Japan. To ensure continuity of supply to its existing customers, onsemi has entered into a wafer supply agreement with JS Foundry K.K. to continue existing wafer fabrication at the site.
JS Foundry K.K. was founded through a partnership between Mercuria Investment Co., Ltd. (Mercuria) and Sangyo Sosei Advisory Corporation Inc. (SSA). Through their partnership, they established JS Foundry K.K. to be a Japanese-owned foundry company to supply semiconductors to Japanese customers.
“After an in-depth search for a buyer for the last two years, we are confident to have found the right partner for the facility in JS Foundry K.K.,” said Hassane El-Khoury, president and CEO of onsemi. “As always, when making decisions about our manufacturing structure and facilities across the globe, we consider the well-being of employees and seek to create a smooth transition for everyone involved. We look forward to a bright future for JS Foundry KK and Niigata employees, who we thank for their hard work and commitment to onsemi.”
JS Foundry K.K. is planning to use the site as the foundation for its new foundry business in Japan. To ensure continuity of supply to its existing customers, onsemi has entered into a wafer supply agreement with JS Foundry K.K. to continue existing wafer fabrication at the site.
