Wolfspeed to build billion-dollar chip factory in Saarland

Europe is taking another step forward in the location of important technologies: The US group Wolfspeed wants to build a chip factory in Saarland for the equivalent of €2.75 billion. The automotive supplier ZF Friedrichshafen is involved with a contribution of around €170 million. According to Wolfspeed CEO Gregg Lowe, a large part of the investment will be financed through subsidies. German Minister for Economic Affairs Robert Habeck (Greens) called it “an important signal that Germany remains an attractive location in a difficult situation, also for high technology.”