Jun 4 2010
ON Semiconductor (Nasdaq: ONNN), a premier supplier of high performance, energy efficient silicon solutions for green electronics, today announced plans to add $11 million in production equipment to its eight-inch Pocatello, Idaho, wafer manufacturing facility.
The company plans to begin installing additional equipment at its Fab 10 manufacturing facility in Pocatello beginning immediately and expects to realize increased capacity and product production for customers by the end of the year. This capital investment further secures current jobs at the Pocatello facility, will lead to some additional hiring, and is a key indicator of ON Semiconductor’s commitment to its operations in Pocatello.
“Having weathered the economic storm brought on by the recession, we are now focused on moving forward to address the increased demand and opportunities in the semiconductor market,” said Chuck Spinner, ON Semiconductor vice president of eight-inch manufacturing operations at the Pocatello facility. “Expansion in Idaho is part of the company’s overall strategy to maximize its in-house manufacturing capabilities to address increased customer demand. This is positive news for our employees, for the Pocatello community, and for our global customers.”
According to John Spicer, ON Semiconductor’s Pocatello site manager, governmental incentives provided by the Idaho governor’s office, the Idaho Department of Commerce, the City of Pocatello, Bannock County and the Bannock Development Corporation all played a role in the company’s decision to invest and expand its operation in Pocatello.
ON Semiconductor’s Pocatello facility currently employs approximately 630 people in its manufacturing and business operations. The local Pocatello campus houses Fab 10, an eight-inch wafer production facility specializing in the manufacture of application specific integrated circuits (ASICs) and standard products for the automotive, medical, industrial and mil/aero markets.