ZF and Wolfspeed plan $3B chip factory in Germany

ZF Friedrichshafen and Wolfspeed plan to build a $3 billion wafer factory in Ensdorf, Saarland, Germany, to make chips for electric vehicles. The project is subject to subsidies covering 25% of the investment and would create hundreds of jobs.

“The go-ahead for the project is subject to commitments on subsidies amounting to a quarter of the total investment.”bloomberg.com

• 1 source
• bloomberg.comEVs Electric Vehicles, ZF Wolfspeed Ince Chip News: January 22, 2023 - BloombergWilfried Eckl-DornaJan 22, 2023

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