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Bosch to Build $1.1 Billion Chip Plant for Self-Driving Cars

  • Dresden site to employ 700 workers, finish construction 2019
  • Bosch’s biggest investment ever shows sector’s shifting focus
Bloomberg business news

Race To Build Self-Driving Cars Accelerates

Auto supplier Robert Bosch GmbH will build a 1 billion-euro ($1.1 billion) semiconductor plant, the biggest single investment in its history, as the maker of brakes and engines prepares for a surge in demand for components used in self-driving vehicles.

The factory in Dresden, Germany will start producing chips needed for autonomous vehicles, smart homes and Internet-linked city infrastructure in 2021, the world’s biggest car-parts supplier said Monday in a statement. It’ll employ as many as 700 workers once construction is complete in 2019.