Project to build German EV microchip factory put on hold
by Deborah Cole in Berlin from on (#6RPH1)
US firm Wolfspeed and German car parts supplier ZF postpone plans over doubts about viability
A project to build a 3bn factory making microchips for electric vehicles once hailed as part of a return of the industrial revolution" in Germany has been put on hold, as the crisis in the country's hi-tech manufacturing industry deepens.
The US company Wolfspeed and the German car parts supplier ZF have postponed plans to build an EV chip factory, adding to problems caused by a delay to two large-scale factories belonging to the US chip giant Intel and possible factory closures being considered by Volkswagen.
Continue reading...