Bosch opens German chip plant, its biggest-ever investment
By Douglas Busvine
BERLIN (Reuters) -Robert Bosch opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, a file investment by the principle automotive supplier as a result of it stakes a declare to equipping the newest electrical and self-driving autos.
The plant, positioned in a semiconductor hub near Dresden, opens as a result of the automotive commerce battles a world chip shortage, and may enhance Bosch’s potential to serve carmakers instantly, relying a lot much less on third-party producers.
“Every chip that we make proper right here in Dresden is one chip a lot much less that is lacking. That helps,” administration board member Harald Kroeger knowledgeable Reuters in an interview.
Addressing an web opening ceremony, Chancellor Angela Merkel said semiconductor shortages have been hampering Germany’s monetary restoration, and that it was very important to strengthen resilience in the direction of exterior present disruptions.
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