Financial Insights

Bosch to invest more than $467 million in the chip production

Robert Bosch, a German technology group, has allocated more than € 400 million (US $ 467 million) to invest in microchip production in Germany and Malaysia next year to alleviate the global scarcity.

Chip shortages at automakers disrupt car production around the world, with suppliers almost entirely dependent on chips from just a few companies in Asia and the USA.

Most of the Bosch budget will be spent on the faster expansion of the Dresden plant for 300mm wafers that the company opened in June, a statement said Friday.

Announced that it will also manufacture auto parts and factory automation systems with an investment of approximately 50 million euros in a 200 mm wafer manufacturing site in Reutlingen.

She added that another funded project would be to build a semiconductor testing facility in Penang, Malaysia, but the investment was not disclosed.

Intel said last month that it could invest up to € 80 billion in Europe over the next decade.

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