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Tags: Germany | Semiconductors

Bosch Opens $1.2B Semiconductor Factory in Eastern Germany

Bosch Opens $1.2B Semiconductor Factory in Eastern Germany

Monday, 07 June 2021 01:00 PM

BERLIN (AP) — German technology company Bosch on Monday opened a 1 billion euro ($1.2 billion) chip factory in the eastern city of Dresden to help meet the growing demand for semiconductors.

A global shortage of semiconductors has forced major auto companies such as Volkswagen and BMW to slow vehicle production in recent months.

“Bottlenecks on the semiconductor market have made the economic recovery after the coronavirus crisis more difficult,” German Chancellor Angela Merkel said at the opening ceremony.

Speaking by video link from Berlin, she suggested that computer chips have replaced oil as the “life blood” of economies.

Bosch, a major supplier to the car industry, said the factory is the biggest single investment in its 130-year history. It will employ 700 people to produce silicon wafers containing tens of thousands of custom-made chips that will control its airbags, braking and parking control systems.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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German technology company Bosch on Monday opened a 1 billion euro ($1.2 billion) chip factory in the eastern city of Dresden to help meet the growing demand for semiconductors.A global shortage of semiconductors has forced major auto companies such as Volkswagen and BMW to...
Germany,Semiconductors
144
2021-00-07
Monday, 07 June 2021 01:00 PM
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