German expertise group Robert Bosch has earmarked greater than EUR 400 million (roughly Rs. 3,490 crore) for investments in microchip manufacturing in Germany and Malaysia subsequent 12 months to ease a worldwide scarcity.
A scarcity of chips for automakers has disrupted automobile manufacturing all over the world, with suppliers relying virtually completely on chips from only some producers in Asia and the US.
The most important a part of Bosch’s price range shall be spent on a quicker enlargement of its Dresden, Germany manufacturing facility for 300-millimeter wafers, which the group inaugurated in June, it stated in a press release on Friday.
About EUR 50 million (roughly Rs. 436 crore) shall be invested at a website in Reutlingen close to Stuttgart making 200-millimeter wafers, stated the corporate, which additionally makes automobile elements and manufacturing facility automation programs.
One other mission to be funded would be the development of a semiconductor testing facility in Penang, Malaysia, it added, with out specifying the extent of funding.
Intel, the largest maker of processor chips for PCs and knowledge centres, stated final month it may make investments as much as EUR 80 billion (roughly Rs. 698 crore) in Europe over the following decade.
© Thomson Reuters 2021
