German technology and parts supplier Robert Bosch GmbH will invest another 400 million euros ($467 million) to expand its chip manufacturing facilities in response to the ongoing semiconductor shortage that has wreaked havoc on the production of everything from vehicles and appliances to personal computers and power tools.
The boosted expenditure, which is earmarked for 2022, will go toward expanding operations at the company’s wafer fabrication plants in Dresden and Reutlingen, Germany, and its semiconductor component facility in Penang, Malaysia. The majority of the funds will be used to increase manufacturing capacity at the Dresden site, which the company opened in June at a cost of €1 billion ($1.2 billion), the single largest investment in its history. That facility produces …
