onsemi cancels $2B Czech expansion, Rožnov plant investment scrapped

onsemi has canceled its planned $2 billion expansion at its Rožnov pod Radhoštěm facility, reversing a 2024 commitment. The decision signals a strategic pullback in European manufacturing capacity, likely due to shifting demand or cost pressures. The cancellation is a setback for the Czech Republic's semiconductor ambitions and local economic development.

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