Allen, Texas — According to state and local development sources, Onsemi plans to invest $28,000,000.00 to build out 97,083 square feet of new space in Allen. The company plans to occupy the new space at 505 Millennium Drive in Allen, on or about April 1, 2025. According to the company website onsemi (Nasdaq: ON) is driving disruptive innovations to help build a better future. With a focus on automotive and industrial end-markets, the company is accelerating change in megatrends such as vehicle electrification and safety, sustainable energy grids, industrial automation, and 5G and cloud infrastructure. With a highly differentiated and innovative product portfolio, onsemi creates intelligent power and sensing technologies that solve the worlds most complex challenges and leads the way in creating a safer, cleaner, and smarter world. Learn more about onsemi at www.onsemi.com.

To learn more about Onsemi, visit http://www.onsemi.com/

Company Contact:
Hassane El-Khoury, Chief Executive Officer
https://www.linkedin.com/in/hassane-el-khoury/
503-618-4500

SOURCE: http://www.intelligence360.io
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