U.S. Chipmaker Onsemi Reaffirms Commitment to China as Demand Rises From EV Shift
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ON Semiconductor Corp. (Onsemi) will continue to provide its most advanced technology to its automaker clients in China, which the U.S. chipmaker views not only as a lucrative market but also as an innovation hub, Chief Executive Officer Hassane El-Khoury said.
Staying focused on building “long-term relationships with Chinese customers” and introducing “the best products in China” are the two key decisions that helped Onsemi grow despite geopolitical uncertainties and supply chain disruptions caused by the Covid-19 pandemic, El-Khoury said during a recent interview with Caixin on the sidelines of the Beijing Auto Show.
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- Onsemi CEO Hassane El-Khoury commits to supplying advanced tech to Chinese automakers, viewing China as lucrative market and innovation hub.
- Plans $50M investment in Shanghai HQ over 3 years; operates 3 manufacturing bases, 4,000 employees, 50% localized BOM.
- Secured Nio contract for EliteSiC M3e for 900V architecture; notes China's EV lead over global peers at 800V.
- ON Semiconductor Corp. (onsemi)
- ON Semiconductor Corp. (onsemi), or 安森美半导体, is expanding in China with a $50M investment over three years, three manufacturing bases, and 4,000 employees. It supplies advanced SiC tech for 900V EV architectures to clients like Nio, views China as an innovation hub, and has raised local BOM share to 50%.
- Nio Inc.
- Onsemi secured a new contract with Nio Inc. at the Beijing Auto Show to supply its latest EliteSiC M3e technology, accelerating Nio's shift to the 900-volt architecture.
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