Bosch intends to invest more than 400 million euros to produce microchips
The German auto parts giant Bosch Group announced on Friday thatMore than 400 million euros (467 million US dollars) have been allocated for investment in the production of microchips in Germany and Malaysia next year to alleviate the global chip shortage.Due to the lack of chips by car manufacturers, car production around the world has been interrupted, and suppliers are almost entirely dependent on chips from a few manufacturers in Asia and the United States.
(From: BoschOfficial website)
Bosch said in a statement on Friday that the largest part of the company’s budget will be used to accelerate the expansion of its 300mm wafer plant in Dresden, Germany. The plant was put into production in June.
In addition, approximately 50 million euros will be invested in Reutlingen near Stuttgart to produce 200mm wafers.
The company added that another funded project will be the construction of a semiconductor testing facility in Penang, Malaysia, but did not specify the scale of the investment.