Onsemi Is Walking Away From a $2 Billion Chip Bet It Made in 2024
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On Friday, November 6, 2026, onsemi (NASDAQ:ON) and the Czech Ministry of Industry and Trade jointly confirmed they will not proceed with the planned silicon carbide expansion at the company’s plant in Rožnov pod Radhoštěm. Silicon carbide is a material used to make power chips that handle high voltage efficiently, and electric vehicle drivetrains and chargers use a lot of it.
The st
On Friday, November 6, 2026, onsemi (NASDAQ:ON) and the Czech Ministry of Industry and Trade jointly confirmed they will not proceed with the planned silicon carbide expansion at the company’s plant in Rožnov pod Radhoštěm. Silicon carbide is a material used to make power chips that handle high voltage efficiently, and electric vehicle drivetrains and chargers use a lot of it.
The st
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