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Company continues to execute on its fab-liter strategy; closed sale of Japan fab.
December 1, 2022
By: DAVID SAVASTANO
Editor, Ink World Magazine
onsemi announced the completion of the sale of its Niigata, Japan facility to JS Foundry K.K. The divestiture aligns with onsemi’s fab-liter strategy to expand gross margin and improve predictably of its financial results by reducing fixed cost footprint. JS Foundry K.K. was founded through a partnership between Mercuria Investment Co., Ltd. (Mercuria) and Sangyo Sosei Advisory Corporation Inc. (SSA). Through their partnership, they established JS Foundry K.K. to be a Japanese-owned foundry c...
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