German know-how 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 yr to ease a worldwide scarcity.
A scarcity of chips for automakers has disrupted car manufacturing world wide, with suppliers relying nearly solely on chips from just a few producers in Asia and america.
The biggest a part of Bosch’s funds will probably be spent on a sooner enlargement of its Dresden, Germany manufacturing facility for 300-millimeter wafers, which the group inaugurated in June, it mentioned in an announcement on Friday.
About EUR 50 million (roughly Rs. 436 crore) will probably be invested at a web site in Reutlingen close to Stuttgart making 200-millimeter wafers, mentioned the corporate, which additionally makes automotive components and manufacturing facility automation techniques.
One other undertaking 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 most important maker of processor chips for PCs and knowledge centres, mentioned final month it might make investments as much as EUR 80 billion (roughly Rs. 698 crore) in Europe over the following decade.
© Thomson Reuters 2021