Robert Bosch GmbH - Germany's leading technology and components supplier - will invest an additional 400 million euros (about 467 million USD) to expand chip production to cope with the shortage of semiconductors affecting semiconductors. affects the production of everything from vehicles to personal computers to power tools.

With expenditures ramping up for 2022, Bosch aims to expand operations at its wafer fabrication plants in Dresden, Reutlingen and its semiconductor facility in Penang, Malaysia.

Most of the funds will be used to increase production capacity at the Dresden site, where the company opened in June at a cost of 1 billion euros ($1.2 billion), the largest investment in history. firm history. The facility produced 300 millimeter wafers, the larger size yielding more individual chips per wafer.

Around €50 million is expected to be spent on Reutlingen in both 2022 and 2023, which has been making semiconductor components since 1970.

Bosch is also expected to expand production there. from more than 4,000 square meters to a total of 14,500 square meters), the site is considered a specially designed, nature-friendly environment. This expansion will also create hundreds of new jobs.

In Penang, Bosch will build a new semiconductor test center, which will be operational in 2023. Initially, the test center was about 14,000 square meters, however, the company had more space. 100,000 m2 on the Penang strip and eventually there are plans to develop all of this range.

The massive investment is made during a chip shortage that senior leaders in the auto manufacturing facilities and industry analysts forecast will stretch into next year.

The CEOs of Ford Motor Company and General Motors have told investors they foresee shortages extending into 2022 and possibly even 2023.

It's a logical move that has many benefits for the business, not only supplying to automakers and other companies, but also using internal chips for Bosch electronic products.

This is also good news for the European Union, which aims to strengthen domestic supply chain resilience by boosting semiconductor production in the EU to one-fifth of the world's supply by 2030.

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