OnSEMI has completed its acquisition of a silicon carbide producer. The company, Ningxia Hexing Carbon Based Materials Co., Ltd., will manufacture silicon carbide for the electronics industry. Its acquisition comes at a time when silicon carbide is in high demand in the semiconductor industry.
ONSEMI has completed its acquisition of silicon carbides producer GTAT. This acquisition strengthens ONSEMI's position as a silicon carbide supplier. The move comes as the company's demand for the material continues to rise. The company will also increase its production capacity by 5 percent per year.
The acquisition is subject to customary closing conditions and regulatory approvals. OnSEMI intends to fund the transaction with available cash on hand and its existing revolving credit facility. The company expects the acquisition to be accretive to its stockholders within one year.
Infineon Technologies, a semiconductor maker and supplier of silicon carbide, has recently announced a supply agreement with the Japanese wafer maker Showa Denko. The deal is designed to increase Infineon's supply of silicon carbide boules, the base material for power semiconductors. Infineon has a comprehensive product portfolio in the industrial and medical markets, and is rapidly expanding its offering into automotive and consumer applications.
The company was founded in 1999 and is headquartered in Neubiberg, Germany. The company employs about 46,700 people around the world. Recently, it acquired Cypress Semiconductor Corporation, making it one of the largest semiconductor companies in the world. It recently concluded a supply agreement with Japanese wafer manufacturer Showa Denko K.K.
The production of silicon carbide has become an increasingly important part of electronics manufacturing. It is used in a wide variety of applications from electric cars to power electronics. The company also produces MOSFETs and silicon diodes. SiC is an excellent material for a variety of high-voltage applications.
The company's new manufacturing facility in Norrkoping, Sweden, is the first to make 200mm silicon-carbide wafers. The 200mm wafers are typically used in CMOS chip production. The 200mm silicon-carbide wafer technology is said to deliver two times as many chips.
Ningxia Hexing Carbon Based Materials was founded in May 2012. It has an annual capacity of 70,000 tons of silicon carbide and specializes in the production and sales of silicon carbide. Since its establishment, it has emerged as a leading enterprise in the domestic silicon carbide industry. In addition, the company has been designated as a national high-tech enterprise in the smelting industry.
The company's products are available in the world and are used in many industries. They are known by various names, including Ying Dang Li Jie De Shi, Ben Shen Qing Bing Bu Ju Xian Yu Shang Mian Miao Shu, and Yi Zai Bu Tuo.
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