The largest a part of Bosch’s price range will probably be spent on a quicker growth of its Dresden, Germany manufacturing facility for 300-millimeter wafers, which the group inaugurated in June.
German know-how group Robert Bosch has earmarked greater than 400 million euros ($467 million) for investments in microchip manufacturing in Germany and Malaysia subsequent 12 months to ease a worldwide scarcity.
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An absence of chips for automakers has disrupted automobile manufacturing all over the world, with suppliers relying nearly solely on chips from only some producers in Asia and the United States.
The largest a part of Bosch’s price range will probably be spent on a quicker growth of its Dresden, Germany manufacturing facility for 300-millimeter wafers, which the group inaugurated in June, it stated in a press release on Friday.
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About 50 million euros will probably be invested at a website in Reutlingen close to Stuttgart making 200-millimeter wafers, stated the corporate, which additionally makes automobile components and manufacturing facility automation techniques.
Another venture to be funded would be the development of a semiconductor testing facility in Penang, Malaysia, it added, with out specifying the extent of funding.
Intel, the largest maker of processor chips for PCs and information centres, stated final month it might make investments as much as 80 billion euros in Europe over the following decade. ($1 = 0.8561 euros)