May. 19, 2023 /SemiMedia/ -- According to reports, onsemi recently initiated a liquidation procedure for its subsidiary Kvantenna in Russia, which has been engaged in the development of Wi-Fi chips since 2012.
According to reports, Kvantenna was jointly established by Rusnano of Russia and Quantenna Communications, an American Wi-Fi module developer. In 2018, Rusnano withdrew from the list of shareholders. In 2019, onsemi acquired all assets of Quantenna Communications and became Kvantenna’s wholly-owned parent company. After the equity change, Kvantenna is mainly engaged in the development of chips based on 45 and 28 nanometer processes.
According to insiders, the closure of Kvantenna was not due to US sanctions against Russia. The main reason, similar to the former Quantenna Communications' Australian office, is that ON Semiconductor is liquidating the assets it merged with Quantenna Communications.