We are advising Silex Microsystems on the transaction

Davis Polk is advising Silex Microsystems AB on its acquisition of a 200 mm integrated circuit fabrication facility in Mountain Top, Pennsylvania, from Semiconductor Components Industries, LLC (onsemi). The acquisition is structured as an asset purchase and includes the production facility, real property, infrastructure and manufacturing equipment. The facility will be converted into a MEMS fabrication facility. Closing is expected around year-end 2027 and remains subject to customary conditions. The acquisition marks Silex’s entry into U.S. manufacturing.

Silex is the world’s leading pure-play MEMS foundry, developing and manufacturing advanced microelectromechanical systems for customers across markets including medical devices, cloud infrastructure and autonomous vehicles. Founded in Sweden in 2000, Silex has more than 480 employees and is listed on Nasdaq Stockholm under the ticker SILEX.

onsemi is a leader in innovative semiconductor solutions for automotive and industrial applications, serving customers worldwide.

The Davis Polk real estate team includes partners Brian D. Hirsch and J. Avelina Burbridge and associate Alison Wulfe. The corporate team includes counsel Rati Ranga and associate Matthew L. DeMestrio. The intellectual property team includes partner Frank Azzopardi and associate Francesca Masella. Partner Paul Marquardt is providing financial institutions advice. Partner Travis Triano is providing executive compensation advice. Counsel Michael Comstock is providing environmental advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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