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Acquisitions and Divestitures
3 Months Ended
Mar. 31, 2022
Business Combinations [Abstract]  
Acquisitions and Divestitures

Note 15 –Acquisitions and Divestitures

Wafer Fabrication Plant in South Portland Maine

During February 2022, the Company entered into a definitive agreement to acquire onsemi’s wafer fabrication facility and operations located in South Portland, Maine. The South Portland Facility ("SPFAB") will provide additional 200mm wafer fab capacity for analog products to accelerate our growth initiatives in the automotive and industrial end markets. This US-based facility, together with the Company's existing wafer fabrication facilities in Asia and Europe, will further enhance the Company's global manufacturing operations.

The purchase of SPFAB is subject to customary closing conditions and is expected to be completed late in the second quarter of 2022. Following the close, Diodes will integrate the South Portland Facility as well as its operations and employees.