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Wednesday, dec 18
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Alternative Energy
Business
Manufacturer Acquires Facility In Hudson Valley, Will Invest $720M
A Fortune 500 company has pledged more than $700 million to expand its manufacturing operations in the Hudson Valley. ON Semiconductor announced that it will expand operations in New York by purchasing and preserving the existing GLOBALFOUNDRIES Fab 10 manufacturing facility in East Fishkill. The company committed an investment of more than $720 million over 10 years to establish its first 300mm chip manufacturing plant. "This is an exciting announcement for Dutchess County, and we are grateful to Empire State Development for brokering the expansion of ON Semiconductor, US-based, publicly t…
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