Bosch announces investments in Germany and Malaysia to boost chip capacity

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Bosch, the major automotive supplier, announced that the company would invest more than EUR 400 million (approximately US$464 million) at its factories in Dresden and Reutlingen, Germany, and Penang, Malaysia, respectively, as the chip shortages continue hobbling the automotive industry.

The automotive industry worldwide could lose $210 billion in revenue this year due to chip shortages and other supply bottlenecks, based on the consulting firm AlixPartners. That is twice the number of losses estimated a few months ago.


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