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dominant Czech manufacturerThe Economic Times
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82% Informative
ON Semiconductor Corp. picked Roznov for a new $2 billion manufacturing hub in June .
The investment will be the biggest by a foreign company in the Czech Republic for three decades .
Onsemi will expand an existing site to make chips for electric vehicles and the renewable energy industry.
Success is not just important for the town, but also the European Union’s ability to secure supplies.
Ales Cab , head of Onsemi 's Czech business, wants to help fill that void.
Intel Corp. picked neighboring Poland for a $4.6 billion chip assembly and test plant last year .
Hungary is becoming a European hub for the production of EV batteries.
Once new supply chains are set up, carmakers and other chip buyers are likely to stick with them for at least two decades .
VR Score
86
Informative language
87
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41
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Language
English
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