Silicon wafer manufacturer Okmetic invests nearly 400 million euros to build a new fab in Finland with aims to more than double the production capacity and business

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May. 10, 2022 – 

Silicon wafer manufacturer Okmetic will build a new production facility next to its current silicon wafer fab in Vantaa, Finland. The investment is to more than double the company's production capacity and business and create over 500 new jobs. Construction will commence in early 2023, at the latest, and the fab is planned to be in production use during 2025. With silicon wafer demand surging due to the proliferation of electronic components, the investment helps the company meet the growing demand of customers.

Okmetic supplies advanced, customized silicon wafers for the manufacture of MEMS, sensor, RF and power devices. This investment to a new production facility totaling nearly 400 million euros will more than double the company's business. It is the largest investment in Okmetic's history. Over the last five years, the company has invested over 100 million euros in increasing the production capacity of its Vantaa fab, and the new production fab is yet another chapter in the company's growth story as a provider of high value-added silicon wafers in a rapidly growing and developing industry.

- We have experienced strong growth for several years now, and market forecasts suggest the positive development will continue in the semiconductor industry. The new fab will strengthen the company's position in the market and lay the foundation for the future development of our business. In a bigger picture, the investment can also be seen as part of the European push towards more self-sufficiency in the global semiconductor value chain. However, overall focus will be on global markets, says Okmetic President and CEO Kai Seikku.

- The investment is one of NSIG's commitments to expedite Okmetic's further growth with greater business scale and stronger market position, leveraging on Okmetic's strength on specialty technologies, says Dr. Chiu Tzu-Yin, NSIG President and Okmetic chairman. It will also enable NSIG - the parent company of Okmetic - to play a more prominent role in the global semiconductor silicon wafers supply chain.

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