German industrial giant Bosch is building a massive semiconductor production plant which would represent the single largest investment in the company’s 130-year history.
The high-tech facility, to be located in Dresden, would employ around 700 staff working on 300-millimeter semiconductor chips which Bosch says has growing applications in the automotive market, smart cities and on the industrial internet, all strong markets for Bosch.
The construction of the high-tech factory is to be completed by the end of 2019, says Bosch, and production is expected to begin at the end of 2021 after a start-up phase. Overall, the investment volume for the site is estimated to be around $1.1 billion. [Read more…] about Bosch to build gigantic semiconductor production plant in Germany