Bosch to invest additional 250 million euros in chip production capacity

BERLIN, Feb 22 (Reuters) – Bosch is investing an additional 250 million euros ($282.50 million) in extending chip production facilities at its Reutlingen plant in Germany, the company said on Tuesday.

The Reutlingen site had previously been earmarked for 50 million euros of a total of 400 million that the supplier set aside last year for spending on chip production in 2022 across Reutlingen, Dresden and a testing facility in Penang, Malaysia.

The extra capacity at Reutlingen will come into force in 2025, Bosch said in a statement.

($1 = 0.8850 euros)

Reporting by Victoria Waldersee Editing by Miranda Murray