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Bloomberg
Auto supplier ZF Friedrichhafen AG and Wolfspeed Inc. plan to build a $3 billion wafer factory in Germany’s Saarland to make chips for electric vehicles and other applications, a boon for a region dependent on combustion-engine components, said people familiar with the matter.
The go-ahead for the project is subject to commitments on subsidies amounting to a quarter of the total investment, the people said, declining to be named discussing private information. ZF will hold a minority share in the factory with its US chipmaking partner, located in Ensdorf near Saarbrücken. ZF operates its largest factory nearby where 9,000 employees make transmissions.