ON Semiconductor increased its stake in a 200-mm Fujitsu wafer fab in Japan and said it would continue increasing its investment until it takes full ownership of the facility in 2020.
Under the terms of a deal announced Tuesday (Oct. 10), Phoenix-based ON Semi increased its stake in the 200-mm fab to 40 percent. The company plans to increase its stake to 60 percent of the fab by the second half of next year and to 100 percent by the second half of 2020. Financial terms of the deal were not disclosed.
The two companies originally entered into an agreement in 2014 under which ON Semi acquired a 10 percent stake in the fab, located in Aizu-Wakamatsu, Japan. ON Semi wafers were in production at the fab by early 2015.
"This is a strategic investment for ON Semiconductor to secure additional manufacturing capacity, in support of our accelerated production needs and for revenue growth in coming years," said Keith Jackson, ON Semi's president and CEO, in a statement.
Also Tuesday, ON Semi launched two new 1 Mp CMOS image sensors said to simplify and speed adoption in applications such as rear and surround view cameras.