Bosch to Invest Three Billion Euros in Chip Production
KONTAN.CO.ID - BERLIN. Technology group Bosch will invest 3 billion euros (US$ 3,01 billion) in chip production by 2026, including in opening two new development centres and expanding its wafer factory in Dresden. The company said on Wednesday.
The investment, for which Bosch will seek European Union funding under the Important Projects of Common European Interests (IPCEI) framework, should boost Europe's production capacity for chips in a global market still dominated by US and Asian players.
