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    HomeTechGerman wafer fab JV formed by Bosch, Infineon, NXP, TSMC.

    German wafer fab JV formed by Bosch, Infineon, NXP, TSMC.

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    BERLIN (Reuters) – German technology group Robert Bosch said on Tuesday that it will establish a joint venture with TSMC, Infineon and NXP with the aim of building a wafer fab in Dresden, Germany, by the second half of next year.

    The joint venture will be 70% owned by TSMC, with Bosch, Infineon and NXP each holding a 10% equity stake, according to a statement, and total investments are expected to exceed 10 billion euros ($10.97 billion) via equity injection, debt borrowing, and strong support from the European Union and German government.

    ($1 = 0.9120 euros)

    (Writing by Miranda Murray, Editing by Friederike Heine)


    Credit: The Star : Tech Feed

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