Silicon Saxony is already Europe’s largest microelectronics location, producing half of all the chips made in Europe – and this share could now grow even larger.
Bosch is investing EUR 1 billion into a new chip factory – its second – in Dresden that will produce semiconductors for cars and the Internet of Things (IoT) beginning in 2021. The foundation stone for the factory, which will create 700 new jobs, was laid this summer.
The investment is being supported by EUR 200 million from the federal government and EUR 100 million from the state of Saxony. Saxony’s microelectronics cluster boasts roughly 2,300 companies and some 60,000 employees as well as an excellent university and non-university research landscape.