On Semiconductor (ON) is expanding its footprint in Europe with an initiative, which is aimed at bolstering its capabilities in silicon carbide (SiC) manufacturing. The company recently announced its plans to invest up to $2 billion (44 billion CZK) in a vertically-integrated SiC manufacturing facility in the Czech Republic. The multi-year investment underscores ON's commitment to meeting the rising global demand for advanced power semiconductors essential for enhancing energy efficiency across key sectors ...