FRANKFURT (Reuters) – U.S. power chip maker Wolfspeed Inc is planning to construct a factory in Germany for greater than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.
The German auto supplier ZF will hold a minority stake, the business newspaper said, citing unidentified sources accustomed to the project.
Production should begin in 4 years at the positioning within the small southwest German state of Saarland, the report added.
A spokesperson for the economics ministry of Saarland declined to comment.
Wolfspeed didn’t immediately reply to requests for comment outside of normal business hours. ZF declined to comment.
Intel last 12 months named Magdeburg, Germany, as the positioning for its latest mega chip manufacturing complex, a key a part of its $88 billion investment drive across Europe.
(Reporting by Tom Sims; Editing by Mike Harrison)
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