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Bosch opens German chip plant

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Bosch opens German chip plant

Robert Bosch (ROBG.UL) opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, a record investment by the leading automotive supplier as it stakes a claim to equipping the latest electric and self-driving cars.

The plant, located in a semiconductor hub near Dresden, opens as the automotive industry battles a global chip shortage, and will increase Bosch’s ability to serve carmakers directly, relying less on third-party manufacturers.

Read in full here:

https://www.reuters.com/technology/bosch-opens-german-chip-plant-its-biggest-ever-investment-2021-06-07/

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