June 07 - 14:06
Bosch opens $1.2bn chip plant
Bosch has opened a new semiconductor factory in Germany. The plant will support the company's push to become a major supplier for electric and self-driving cars. It has been built in Dresden to the cost of $1.2 billion. Chip supply has dried up over the last year, leading to many manufacturers slowing production. "Every chip that we make here is one chip less that is lacking," said a spokesperson.
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