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Onsemi Is Walking Away From a $2 Billion Chip Bet It Made in 2024
Source: 247wallst.com
Automotive & EVTechnology & InnovationArtificial IntelligenceCorporate Guidance & OutlookFiscal Policy & Budget
onsemi has abandoned plans for a Czech factory intended to support its electric-vehicle business, despite hundreds of millions in state aid backing the project. The article attributes the shift in funding to cheap imports and the company’s pivot toward AI; it provides no specific figures for the aid or financial impact.
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