Bosch to invest EUR 1 bln in new chip factory in Dresden

Monday 19 June 2017 | 12:52 CET | News
Bosch announced plans to invest EUR 1 billion in a new chip factory in Dresden. Expected to produce semiconductors for the growing number of internet of things (IoT) and mobility applications, the new factory should be completed by the end of 2019 and reach full capacity production by the end of 2021. It will manufacture chips on the basis of 12-inch wafers. 

The German federal government said it will support construction of the fab in the so-called Silicon Saxony region, which also counts automakers and universities involved in microelectronics development. As part of the government's 'Digital Hub' strategy, Dresden will be developed as a centre for IoT expertise. 

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Categories: General
Companies: Bosch
Countries: Germany
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