US Wolfspeed to build $2.17 billion chip factory in Germany

Robert Besser
25 Jan 2023, 13:52 GMT+10

German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, at a cost of $2.17 billion
The German auto supplier ZF will hold a minority stake in the factory
Production should begin in four years at the site in the small southwest German state of Saarland

FRANKFURT, Germany: German media has reported that American power chipmaker Wolfspeed Inc is planning to build a factory in Germany, at a cost of $2.17 billion.

The German auto supplier ZF will hold a minority stake in the factory, and production should begin in four years at the site in the small southwest German state of Saarland, the report added.

In 2022, Intel announced that Magdeburg, Germany, would be the site of its new mega chip manufacturing complex, part of its $88 billion investment in Europe.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Long Beach Star.

More Information

56 ℉

Fair in Long Beach

United States

Section

"You silenced members of Congress from communicating..."US Congresswoman Boebert lambasts former Twitter execs

Washington [US], February 9 (ANI): US Congresswoman Lauren Boebert on Wednesday lambasted the former executives Vijaya Gadde, and Yoel Roth ...

Top Russian lawmaker labels US president a terrorist

Joe Biden has earned the title by ordering the destruction of Europe's energy infrastructure, State Duma Speaker Vyacheslav Volodin claimsSpeaker ...

Raptors reportedly reacquiring Jakob Poeltl from Spurs

The Toronto Raptors are reacquiring center Jakob Poeltl from the San Antonio Spurs, ESPN and The Athletic reported early Thursday ...

Kim Jong Un Shows Off Daughter, Missiles at North Korean Parade

SEOUL, SOUTH KOREA - North Korean leader Kim Jong Un and his young daughter took center stage at a huge ...

NBA roundup: Kyrie Irving leads Dallas to win in Mavs' debut

Kyrie Irving scored 24 points and dished out five assists in his Dallas Mavericks debut and Tim Hardaway Jr. added ...

Twitter execs acknowledge mistakes with Hunter Biden laptop story but say no govt involvement

San Francisco (California) [US], February 9 (ANI): Former Twitter executives told lawmakers on Wednesday that the social media company had ...

International

Section