© Reuters. FILE PHOTO: American power chip maker Wolfspeed’s 200mm silicon carbide wafer is seen on display at Wolfspeed’s Mohawk Valley Fab in Marcy, New York, U.S., April 2022. Courtesy Wolfspeed/ Handout via REUTERS
FRANKFURT (Reuters) – US energy chipmaker Wolfspeed Inc plans to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.
German car supplier ZF will have a minority stake, the business newspaper said, citing unnamed sources familiar with the project.
Production should start in four years at the site in the small southwestern German state of Saarland, the report added.
A spokesman for the Saarland economy ministry declined to comment.
Wolfspeed did not immediately respond to requests for comment outside of normal business hours. ZF declined to comment.
Intel (NASDAQ:) last year named Magdeburg, Germany, as the site of its new megachip manufacturing complex, a key part of its $88 billion investment campaign across Europe.
($1 = 0.9212 euros)
