US firm Wolfspeed and German car parts supplier ZF postpone plans over doubts over viability
A project to build a €3bn factory making microchips for electric vehicles once hailed as part of a “return of the industrial revolution” in Germany has been put on hold, as the crisis in the country’s hi-tech manufacturing industry deepened.
US company Wolfspeed and German car parts supplier ZF have postponed plans to build an EV chip factory, adding to problems caused by a delay to two large-scale factories by US chip giant Intel and potential factory closures being considered by German carmaker Volkswagen.
Continue reading…
Source link : https://www.theguardian.com/environment/2024/oct/23/project-to-build-german-ev-microchip-factory-put-on-hold
Author : Deborah Cole in Berlin
Publish date : 2024-10-23 16:06:51
Copyright for syndicated content belongs to the linked Source.
