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ON Semiconductor divests Japan facility to JS Foundry K.K.

ON Semiconductor announced the completion of the sale of its Niigata, Japan facility to JS Foundry K.K. The divestiture aligns with onsemi’s fab-liter strategy to expand gross margin and improve predictably of its financial results by reducing fixed cost footprint. JS Foundry K.K. was founded through a partnership between Mercuria Investment and Sangyo Sosei Advisory Corporation.

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