onsemi retained ATREG to help dispose of its operational 200mm manufacturing facility based in South Portland, Maine, USA as part of the deployment of its semiconductor manufacturer’s fab-liter strategy. The company’s ultimate objective was to reach sustainable financial performance through gross margins expansion and the shedding of older, trailing edge assets.
ATREG ran a highly competitive and expedited process for the divestment of this facility which led to an agreement with Diodes Incorporated. The buyer was looking for additional 200mm wafer fab capacity for analog products to accelerate its growth initiatives in the automotive and industrial end-markets.
• As onsemi transitions production to more efficient fabs within its network, including their 300mm New York fab which ATREG assisted in purchasing from GF, the company will improve its cost structure by eliminating fixed costs associated with the sold fabs and lowering its unit costs.
• The transaction provides employees at the affected fabs with continued employment and growth opportunities while allowing onsemi to transition production from these fabs to other manufacturing sites in an orderly fashion.
