Diodes Incorporated (Diodes) (Nasdaq: DIOD) recently announced that the acquisition of onsemi's wafer fabrication facility and activities in South Portland, Maine ("SPFAB") had been completed.
Diodes will combine the South Portland plant and fab operations, including the transfer of SPFAB personnel to Diodes, as previously announced. Diodes will continue to manufacture onsemi's products from SPFAB as part of a multi-year wafer supply deal, while onsemi completes the transition of this manufacturing to its other wafer fabs.
We are pleased to successfully complete this transaction, which aligns with our strategic objective for significant revenue and gross profit dollar growth over the next several years, First, I would like to welcome SPFAB employees to the Diodes’ family. The team’s exceptional engineering capabilities and skills will support our technical and operational performance expectations. SPFAB provides additional 200mm wafer fab capacity for analog products to accelerate our growth initiatives in the automotive and industrial end markets."
Diodes’ chairman, president and chief executive officer, Dr. Keh-Shew Lu
This US-based facility, together with our existing facilities in Asia and Europe, further enhances our global manufacturing footprint and greatly increases Diodes’ internal capacity and competitive advantage in this supply constrained environment, while also supporting our future long-term growth. With the transaction now closed, we aim to aggressively ramp new wafer fab processes and capabilities at SPFAB in alignment with Diodes’ strategic growth plan.”
Dr. Keh-Shew Lu further.