Diodes completes TI Greenock fab purchase

Diodes completes TI Greenock fab purchase

Business news |
By Nick Flaherty

Diodes will integrate the Greenock facility and fab operations, including the transfer of all GFAB employees, and is also 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.

“The GFAB acquisition is well aligned to our strategic growth initiatives, especially our expansion in the automotive and industrial markets,” said Dr. Keh-Shew Lu, president and chief executie of Diodes. “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.”

The fab was built in 1970 for National Instruments and chip making has been a key industry in the area. “These deals can be complex and difficult, and it is to the credit of both companies that it has been concluded so quickly,” said the leader of the local council, Councillor Stephen McCabe. “Texas Instruments has been a strong and active part of the business community in Inverclyde for many years, and we hope that the smooth transition to Diodes will now see them become as much of an active feature of the strong and vibrant Inverclyde business sector.”


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