Bosch to Invest More Than EUR 400 Million in Chip Production in Germany, Malaysia Next Year
German technology group Robert Bosch has earmarked more than EUR 400 million (roughly Rs. 3,490 crore) for investments in microchip production in Germany and Malaysia next year to ease a global shortage.A lack of chips for automakers has disrupted vehicle production around the world, with suppliers relying almost exclusively on chips from only a few manufacturers in Asia and the United States.The largest part of Bosch's budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers,…