U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.
U.S. power chip maker Wolfspeed’s silicon carbide 200mm wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. Courtesy of Wolfspeed/Handout via REUTERSis planning to build a factory in Germany for more than 2 billion euros , Handelsblatt reported on Saturday.
The German auto supplier ZF will hold a minority stake, the the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four years at the site in the small southwest German state of Saarland, the report added.Wolfspeed didn't immediately respond to requests for comment outside of normal business hours. ZF declined to comment.
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