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 St Petersburg Star.

More Information

-6 ℃

Mostly Cloudy in Moscow/Vnukovo

Russia

Section

US Congress wants information on Russians hacking nuclear computers

WASHINGTON D.C.: US lawmakers have called on the Department of Energy to release documents detailing attempts by Russian hackers to ...

US woman sentenced to 13 days in jail after protesting on Red Square

MOSCOW, Russia: Russian state-run TASS news agency has reported that a US woman was detained and fined by a Russian ...

U.S. warned NATO expansionism would cross Russian tripwires

Nearly a year in, the war in Ukraine has cost tens of thousands of lives and brought the world to ...

US says Russian businessman traded on illegal information

BOSTON, Massachusetts: Russian businessman Vladislav Klyushin, who has ties to the Kremlin, has been accused of making tens of millions ...

Death toll of Türkiye-Syria quakes rises to 6,000+

Rescue operations are now a ?race against time,? says the World Health OrganizationThe number of confirmed deaths from the 7.7 ...

Top EU diplomat cant hide his racist worldview Lavrov

While criticizing Moscow, Josep Borrell predictably insulted Africa, Russia's foreign minister saidDismissing African countries as easy to manipulate is 'on ...

International

Section