Bosch to invest more than 400 mln eur in chip production
The Hindu
The largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers, which the group inaugurated in June.
German technology group Robert Bosch has earmarked more than 400 million euros ($467 million) for investments in microchip production in Germany and Malaysia next year to ease a global shortage.
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A lack of chips for automakers has disrupted vehicle production around the world, with suppliers relying almost exclusively on chips from only a few manufacturers in Asia and the United States.
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