Dec. 21, 2022 /SemiMedia/ -- According to Nikkei News, JS Foundry, a Japanese wafer foundry company, plans to expand its production capacity to 2.5 times the current capacity due to the increased demand from electric vehicles (EV) and renewable energy.

JS Foundry recently stated that in order to cope with the rising demand from EV and renewable energy, it plans to expand the production capacity of power semiconductors/analog chips to 2.5 times the current capacity by the end of 2027, and pointed out that it has started negotiations with 2 Chinese companies and 6 Japanese companies.

According to public information, JS Foundry was established on December 1, 2022, after Japanese funds Mercuria Investment and Sangyo Sosei Advisory acquired the Niigata fab of onsemi.

To ensure continued supply to existing customers, onsemi has entered into a wafer supply agreement with JS Foundry.

JS Foundry's Niigata fab production line mainly produces 6-inch wafers, and plans to set up an 8-inch wafer production line later.