Onsemi cancels plans to expand production at the Rožnov plant

ON Semiconductor has canceled its $2 billion expansion plans for its Rožnov plant in the Czech Republic due to market developments. The company confirmed that production and investments in the Czech Republic will continue. The expansion aimed to establish a complete production chain for silicon carbide semiconductors. The decision is linked to global market trends and does not reflect the investment climate in the Czech Republic, which remains crucial for ON Semiconductor's long-term strategy. Local officials expressed disappointment over the canceled expansion, viewing it as a missed opportunity for the region.