Semiconductor shortage? Bosch to invest over 400 million euros in production sites
«Demand for chips is continuing to grow at breakneck speed. In light of current developments, we are systematically expanding our semiconductor production so we can provide our customers with the best possible support», commented Volkmar Denner, chairman of the board of management of Robert Bosch.
Bosch is about to provide and answer to the hot matter of semiconductor shortage by investing over 400 million euros in the development and upgrade of its production sites located in Dresden, Reutlingen, and Penang (Malaysia). The growing demand for chips will then require a huge investment to be carried out by the end of 2022. «Demand for chips is continuing to grow at breakneck speed. In light of current developments, we are systematically expanding our semiconductor production investing on our production sites so we can provide our customers with the best possible support», commented Volkmar Denner, chairman of the board of management of Robert Bosch.
The technology and services company has been producing semiconductor components in Reutlingen since 1970. They are used in both consumer electronics and automotive applications. Modern electronics in cars is the basis for reducing traffic emissions, preventing road accidents, and increasing powertrain efficiency.
