Bosch Plans To Invest $467 Million In Chip Manufacturing

Due to a lack of semiconductors, car production has been hampered around the world, with suppliers relying almost solely on chip suppliers from a few countries. The German technology company Robert Bosch has set aside more than 400 million euros ($467 million) for semiconductor manufacture in Germany and Malaysia. The majority of Bosch's funds will be used to expand its 300-millimeter wafer manufacturing facility in Dresden, Germany. Another project, according to the company, would be the establishment of a semiconductor testing center in Penang, Malaysia.