Czech ministry proposes investment aid for ON Semiconductor expansion
Published on: Thursday 25 May 2023
The Czech Industry Ministry will propose investment incentives worth 546 million crowns ($25.70 million), or around a fifth of eligible costs, for U.S.-listed group ON Semiconductor (Onsemi) to help it expand an existing facility in the country, the ministry said on Friday. "Onsemi's investment is an important step towards strengthening the Czech chip industry, which is fundamental for future development in energy and electromobility," Czech Industry Minister Jozef Sikela. ON Semiconductor has a production site in the east of the Czech Republic.
