Move from Bosch for the chip crisis: Established a factory with an investment of 1 billion euros

The world’s largest supplier of automotive parts, Bosch, caught on to the deficit in the chip industry after the coronavirus epidemic that emerged in Wuhan, China. The world giant established a chip factory in Germany with an investment of 1 billion euros. The factory in question will start production with electrical tool chips 6 months ahead of schedule.

The new facility will employ 700 people

Bosch used 200 million euros to build the plant. The factory, which is the largest investment in the company’s history at one time, will provide employment to 700 people when completed. The factory, which was established near the city of Dresden, became operational at a time when there was a great problem in the supply of chips in the global market. However, it was also emphasized that the established facility would not be enough to overcome the global chip bottleneck.

Automotive chips start in September

The plant is going ahead of schedule 6 months ago, in July, it will start production with chips for electrical appliances, and automotive chips production will start in September.

Bosch Chairman of the Board Dr. Volkmar Denner says, “For Bosch, semiconductors are a core technology; It is strategically important for us to develop and produce them. In Dresden, we will take semiconductor manufacturing to the next level with the help of artificial intelligence. This is our first AIoT factory. It is fully networked, data-driven and self-optimizing from the very beginning.”