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Bosch has lifted the wraps on a ~$1.2 billion chip fab in Dresden, capital of the eastern German region of Saxony. The world’s largest auto supplier, Bosch builds brakes, powertrains, and many more parts for original equipment manufacturers (OEMs...or carmakers).
- Bosch touted the plant as the “single biggest investment” in its 135-years-young company life.
- German Chancellor Angela Merkel and EU tech czar Margrethe Vestager attended the ceremony virtually.
Slated to begin production six months ahead of schedule in July, the factory will churn out chips for vehicles and power tools. The Dresden plant itself runs on what Bosch calls “AIoT.” We ran that through the techno-gobbledygook translator and came out with: The 77,500-square-foot factory is highly automated and connected.
Bottom line: Ranking #95 on this year’s Fortune 500, Bosch derives 59% of total sales from its “mobility solutions” division.
Vehicles demand more computers and code by the day. As tech companies circle the auto supply chain, the German giant is investing to keep pace.—RD