EU approves €450m subsidy for Onsemi’s Czech Republic silicon carbide factory

EU approves €450m subsidy for Onsemi’s Czech Republic silicon carbide factory

The European Commission has approved a €450m ($518m) subsidy from the Czech government to support the development of a silicon carbide manufacturing facility in Rožnov pod Radhoštěm, Czechia, by US chipmaker Onsemi.

The approval comes 18 months after Onsemi announced plans to invest $1.64 billion to establish the fabrication plant in the Czech Republic.

Read more: datacenterdynamics.com