Bosch opens German chip plant, its biggest-ever investment
The Hindu
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.
(Subscribe to our Today's Cache newsletter for a quick snapshot of top 5 tech stories. Click to subscribe for free.) Robert Bosch opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, a record investment by the leading automotive supplier as it takes a claim to equipping the latest electric and self-driving cars. The plant, located in a semiconductor hub near Dresden, opens as the , and will increase Bosch's ability to serve carmakers directly, relying less on third-party manufacturers.
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