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Bosch opens $1.2 billion German chip plant

June 7, 2021


Robert Bosch opened a 1 billion euro ($1.2 billion) chip plant in Germany on Monday, in a record investment by the supplier as it gears up for the latest electric and self-driving cars.

The plant, located in a semiconductor hub near Dresden, enters service at a time of very tight supply and will increase Bosch’s ability to serve automakers directly and rely less on third-party manufacturers.

“Every chip that we make here in Dresden is one chip less that is lacking. That helps,” management board member Harald Kroeger told Reuters.

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