PRAGUE (March 11): US chipmaker Onsemi will lay off 170 staff in the Czech Republic, cutting its workforce in the country by 7.5%, the company said on Monday, saying it was adjusting to current market conditions.

The layoffs come while the firm plans a US$2 billion (RM8.83 billion) expansion of its Czech operations. It said it was still working with the Czech government and the European Commission on filing public aid requests, but did not give any further comment on how the investment may be affected.

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