ON Semiconductor completes acquisition of GlobalFoundries' East Fishkill fab facility

ON SEMICONDUCTOR CORP

Acquisition closed December 31, 2022; includes East Fishkill, NY site and fabrication facilities.
No financial terms or purchase price disclosed in the filing.
Expected to expand ON's manufacturing capacity; no update to FY guidance provided.
GLOBALFOUNDRIES U.S. Inc. is the seller; the deal adds a 300mm fab to ON's portfolio.

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