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© Diodes Incorporated Business | April 02, 2019

TI’s Scottish wafer facility and operations is now in Diodes hands

Diodes Incorporated has completed the transaction to acquire Texas Instruments’ wafer fabrication facility and operation located in Greenock, Scotland (GFAB).

As previously reported, Diodes will integrate the Greenock facility and fab operations, including the transfer of all GFAB employees to Diodes. In addition, the company is extending offers for permanent employment to 18 contractors who have been supporting the GFAB operation. As part of a multi-year wafer supply agreement, Diodes will continue to manufacture TI’s Analog products from GFAB as TI transfers into its other wafer fabs. The 318'782 square-foot facility has a potential capacity of up to 21'666 wafer starts or 256'000 8” equivalent layers per month, depending on product mix. “We are pleased to successfully complete this transaction and expect it to be immediately accretive,” says Diodes’ President and Chief Executive Officer, Dr. Keh-Shew Lu, ina press release. “The GFAB acquisition is well aligned to our strategic growth initiatives, especially our expansion in the automotive and industrial markets. We are also excited by the opportunity to add GFAB’s strong engineering capability and additional wafer fab capacity and anticipate GFAB will play a significant role in achieving our revenue and profit dollar growth goals. "With the close of the transaction, we will now turn our attention to aggressively ramping new wafer fab processes and capabilities at GFAB to support Diodes’ strategic plan,” Dr. Lu continues.
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September 15 2019 8:56 pm V14.3.11-2