BERLIN – Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday.
The Reutlingen site had previously been earmarked for 50 million euros of a total of 400 million that the supplier set aside last year for spending on chip production in 2022 across Reutlingen, Dresden and a testing facility in Penang, Malaysia.
The largest part of that budget was allocated to expanding its 1-billion-euro Dresden factory producing 300-millimeter wafers, which the group inaugurated in June.
The extra capacity at Reutlingen will come into force in 2025, Bosch said in a statement.
($1 = 0.8850 euros)
(Reporting by Victoria Waldersee; Editing by Miranda Murray)
Ad: Save every day with Amazon Deals: Check out today's daily deals on Amazon.