This deal comes with the benefit of a technology transfer and development agreement between the two companies—GF’s highly experienced 300mm team will aid in the conversion of ON Semiconductor’s wafer processes from 200mm to 300mm, with ON Semiconductor expected to begin production of its own 300mm wafers in 2020. GF says it will continue to manufacture 300mm wafers at Fab 10 for ON Semi until 2022, when the final payment is made.
https://www.forbes.com/sites/patrickmoorhead/2019/05/15/on-semiconductor-and-globalfoundries-both-win-with-its-430m-fab-10-deal/#4b132ef81b34
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