Transaction accelerates onsemi 's mission to push innovation to create intelligent power and sensing technologies and build a sustainable future Expands onsemi 's silicon carbide capabilities & assures customer supply to meet the rapid ramp-up of the sustainable ecosystem, including electric vehicles (EVs), EV charging and energy infrastructure Reinforces onsemi 's commitment to make substantial investments in disruptive, high-growth technologies PHOENIX, AZ and HUDSON, NH – August 25, 2021 – onsemi (Nasdaq: ON), a leading supplier of intelligent power and sensing technologies, and GT Advanced Technologies ("GTAT"), a producer of silicon carbide (SiC), today announced that they have entered into a definitive agreement under which onsemi will acquire GTAT for $415 million in cash. Founded in 1994, GTAT has significant experience in crystalline growth, including SiC.