The expansion will be at an existing fab either in the USA, Korea or the Czech Republic.
Onsemi hopes to get 40% of the SiC automotive chip market by 2027.
The company is forecasting overall revenue growth of 10-12% CAGR 2022-27 going from $8.3 billion to $13.9 billion.
Between 2022-7 the company expects to expand free cash flow from $1.6 billion to $3.5-4 billion..
