Onsemi, a U.S. chipmaker, has announced plans for a significant investment in its production facility located in the Czech Republic. The company is set to invest up to $2 billion over multiple years, marking the largest single foreign investment in the country since the split of Czechoslovakia in 1993.
The investment will be directed towards enhancing the existing production facility in Roznov pod Radhostem, a town in eastern Czech Republic. Currently, onsemi's facility in Roznov produces 10 million chips daily. With the planned investment, production capacity is expected to increase by several hundred percent. This expansion is projected to create an additional 1,300 jobs, bringing the total workforce in Roznov to 3,000.
