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Bosch starting new wafer production in Europe

Accepted submission by looorg at 2021-06-08 16:05:19 from the chips.und.wafer dept.
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Bosch, one of the worlds largest engineering companies, is trying to cash in on the global chip shortage by starting production in Germany, even tho it's apparently mostly a wafer plant and they are sending those to Asia for assembly.

A large chunk of it is probably for their own needs in everything they make from powertools to medical equipment.

But why not just do the assembly in Germany to? This shipping things back and forth isn't this one of the points of failure that has been experienced during COVID?

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