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.

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