Germany's Bosch Group opened a 1 billion euro chip factory in Germany on Monday, making the auto parts supplier's largest-ever investment to help ease the chip supply crisis. to build Europe's dependence on chips imported from Asia or the United States.
Bosch said chips from the plant near Dresden, which will be used in the latest electric and self-driving cars, will start producing chips for power tools in July and car chips in September.
It is worth mentioning that the Bosch plant received 200 million euros ($243 million) in government aid under an EU investment plan.
The Dresden plant, which broke ground in June 2018, will employ about 700 people to focus on the manufacture of 300mm wafers, one of which can hold 31000 individual chips.
It is worth mentioning that the Bosch plant received 200 million euros ($243 million) in government aid under an EU investment plan.
Bosch said its Dresden plant would provide products to customers around the world. The company expects global demand for semiconductors to grow by 11% this year, with a market size of more than 400 billion euros.