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The sleepy Czech town helping Europe compete in the global chip war
ON Semiconductor Corp. is setting up a $2 billion production facility in Roznov pod Radhostem, Czech Republic, marking the country's largest foreign investment in 30 years.
After the Berlin Wall fell, the conglomerate — then called Tesla Roznov — was broken up, with its chip unit sold to mobile phone pioneer Motorola Inc. and later becoming part of its Arizona-based Onsemi spinoff. That means chips will be made closer to customers in the car industry, the traditional driver of the Czech economy and now beset by rapidly rising wages, global supply-chain disruptions and competition from Chinese electric vehicles. If all goes well, the company plans to start building a new production hall next year across the street from its existing compound in Roznov.One Roznov resident called Ivana said she could see the longer-term benefits for the Czech Republic, yet expressed concern about the pressure on public services because of an influx of new workers.
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