World's 2nd Largest Power Semiconductor 'Onsemi' to Complete Bucheon Production Line on 24th with 1.5 Trillion KRW Investment

Onsemi, the world's second-largest power management semiconductor company, completed the production line for silicon carbide power semiconductors in Bucheon on the 24th and held a commemorative ceremony.

Onsemi, the world's second-largest power management semiconductor (PMIC) company for electric vehicles, has completed the construction of an advanced research and manufacturing facility for next-generation non-memory power semiconductors in Bucheon, Gyeonggi Province.

Gyeonggi Province announced on the 24th that it held a completion ceremony for the S5 line at Onsemi Korea's headquarters on Pyeongcheon-ro, Bucheon. Along with the completion of the Bucheon research and manufacturing facility, Onsemi plans to invest 1.4 trillion KRW in Bucheon by 2025.

Onsemi's completion is a tangible result achieved 15 months after signing an investment agreement early in the tenure of Gyeonggi Governor Kim Dong-yeon in July last year.

Gyeonggi Province expects that this completion will significantly strengthen the local semiconductor ecosystem by securing an early market lead in the power semiconductor industry, employing a large-scale semiconductor workforce of 1,000 people locally, and fostering cooperation with small and medium-sized enterprises and parts suppliers in the province.

The S5 line is a manufacturing facility capable of researching, developing, and producing silicon carbide (SiC) power semiconductors. Onsemi plans to produce 1 million silicon carbide (SiC) wafers annually by 2027, doubling its current production capacity.

With this, Onsemi Korea has become the only foreign company in South Korea to have a full lineup of production facilities, including research labs and semiconductor fab lines.

Onsemi Korea plans to purchase materials, equipment, and parts necessary for power semiconductor production at this plant on a large scale from domestic companies.

According to the ‘K-Semiconductor Strategy’ announced by the Ministry of Trade, Industry and Energy, silicon carbide (SiC) is designated as a national strategic industry that must secure an early market lead as a next-generation power semiconductor new material. Silicon carbide is resistant to high voltage, high power, and high temperature, and is excellent for product lightweighting, attracting high interest from leading global electric vehicle manufacturers.

Yeom Tae-young, Deputy Governor for Economy of Gyeonggi Province, explained, "European countries also competed to attract Onsemi's next-generation power semiconductor research center, but Gyeonggi Province actively led investment negotiations by offering foreign direct investment incentives, and Bucheon City quickly enacted ordinances to promote corporate investment, jointly carrying out customized attraction activities."

Onsemi, headquartered in Phoenix, Arizona, USA, recorded sales of 8.3 billion USD last year, ranking second in the world in the power semiconductor sector.

Meanwhile, about 300 people attended the completion ceremony, including Hassane El-Khoury, CEO of Onsemi; Jo Yong-ik, Mayor of Bucheon; National Assembly members Kim Kyung-hyeop, Seo Young-seok, and Yang Hyang-ja; Choi Seong-woon, Chairperson of Bucheon City Council; Kang Byung-gon, CEO of Onsemi Korea; and customers.

This content was produced with the assistance of AI translation services.