Big time OEM supplier, Bosch, adding more to their intitial invetment in chip production for auto sector:
Bosch is increasing its previously stated investment in semiconductor production in order to stay on top of the ongoing chip shortage. The company is adding an additional $296 million, on top of the $473 million Bosch already pledged to spend in 2022 last year, to new manufacturing facilities.
Most of last year’s capital was earmarked for Bosch’s new 300-millimeter wafer fabrication facility in Dresden, with about $57 million set aside for Reutlingen, near Stuttgart, where Bosch began production in December. This new funding will go almost exclusively to Reutlingen to create new production space and a total of 44,000 square meters of modern cleanroom space between now and 2025, a move the company is making in response to growing demand for semiconductors and micro electro-mechanical systems (MEMS) sensors in both the automotive and consumer electronics markets.
“Bosch is already a leading chip manufacturer for automotive applications,” said Markus Heyn, member of Bosch’s board of management and chairman of the Mobility Solutions business sector, in a statement. “And this is a position we intend to consolidate.”