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ON Semi completes acquisition of LSI's Gresham fab

Posted: 17 May 2006 ?? ?Print Version ?Bookmark and Share

Keywords:ON Semiconductor? LSI Logic? Gresham fab?

ON Semiconductor announced that its primary operating subsidiary, Semiconductor Components Industries LLC, has completed the purchase of LSI Logic Corp.'s Gresham, Oregon, wafer fabrication facility and certain other semiconductor manufacturing equipment for approximately $105 million, under terms of a definitive agreement executed on April 5, 2006.

The company also paid LSI approximately $90 million in proceeds to date, with the balance due within 90 days of closing according to the agreement.

ON Semi has hired substantially all of the LSI manufacturing employees currently working at the facility. According to the company, the purchase of the Gresham fab significantly enhances the company's internal manufacturing capabilities, having gained the skilled process development engineers, operational expertise and process development know-how.

In addition, the acquisition is expected to help enable the company to develop a larger mix of high volume, low cost, high-performance submicron analog and digital power products down to the 0.18?m level, with toolset capabilities down to the.013?m level in the future.

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