ON Semiconductor Will Develop State-Of-The-Art Semiconductor Factory in Dutchess County

Fortune 500 company will invest more than $720 million and create nearly 150 high-tech jobs in the East Fishkill facility

ON Semiconductor, a Fortune 500 company based in Phoenix, AZ, recently announced a commitment to purchase and preserve GLOBALFOUNDRIES' Fab 10 manufacturing facility in East Fishkill, NY.

GLOBALFOUNDRIES and ON Semiconductor will enter into a foundry supply arrangement whereby GLOBALFOUNDRIES will manufacture ON Semiconductor-specific chips at Fab 10 from mid-2019 through 2022 as ON Semiconductor increases staff and equipment installations each year.

With this investment, ON Semiconductor will invest more than $720 million over 10 years and  add nearly 150 high-tech jobs, while retaining a minimum of 950 existing jobs in Dutchess County.
Empire State Development Corporation has offered to provide ON Semiconductor with up to $17.5 million in grants toward the purchase of the Fab 10 property, facilities and certain manufacturing equipment as well as $22.5 million in Excelsior Jobs Program tax credits related to its investment, new hiring and research and development over ten years.


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