Bosch To Build $1.1 Billion Chip Plant For Self-Driving Cars
By Elisabeth Behrmann, Bloomberg
1 mins read
Published on June 20, 2017
- Dresden site to employ 700 workers, finish construction 2019
- It will start production in 2021
- Bosch's biggest investment ever shows sectors shifting focus
The factory in Dresden, Germany will start producing chips needed for autonomous vehicles, smart homes and Internet-linked city infrastructure in 2021, the world's biggest car-parts supplier said Monday in a statement. It'll employ as many as 700 workers once construction is complete in 2019.
"Expanding our production capacity will help us boost our competitive position," Chief Executive Officer Volkmar Denner said in the statement, noting that the use of semiconductors is growing as "connectivity and automation rise."
Bosch, known as a maker of traditional car parts such as braking systems and combustion engines, is also a long-time software developer and is increasingly investing in newer technologies as the nature of driving changes. The Stuttgart, Germany-based company been making chips for a range of products like smartphones for more than four decades. Last year, every car sold globally contained an average of nine chips made by Bosch, the company said.
While Bosch is focusing on technology and projects promising improved connectivity and cleaner city centers, the 130 year-old company has come under pressure about its alleged role in helping carmakers evade diesel emissions rules that have rocked the auto industry. Last month, Bosch was linked to emissions-cheating allegations against a fourth automaker, when it was named as co-defendant together with General Motors Co. in a lawsuit where owners of diesel-powered pickups accused the automaker of using illegal software.
The chips made in Dresden will be added to diverse Bosch products including airbag sensors, autonomous steering, pressure gauges and communication technologies, a spokesman said.
(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)
Great Deals on Used CarsView All Used Cars
- 35,249 km
- 8,000 km
- 88,000 km
- 53,763 km
- 24,110 km
- 72,000 km
- 20,156 km
- 64,000 km
- 65,000 km
- 85,000 km
6 hours ago
The partnership looks to set up 7,000 electric vehicle charging stations across India.
7 hours ago
Stellantis and Ample have already established a pilot program that will begin in Madrid, Spain, in 2024 and will be using 100 Fiat 500e EVs within Stellantis Free2move car-sharing service.
9 hours ago
The one-off creation is mechanically identical to the standard Chiron Super Sport but features elements inspired by the Type 57 SC Atlantic such as the bespoke paint finish and chrome grille.
10 hours ago
Bridgestone will take over from Hankook, which is the present tyre supplier for the single-seater electric racing championship.
11 hours ago
Measures undertaken by Renault include complimentary road-side assistance, expedited insurance claim settlement and extended working hours at service centres.
11 hours ago
The imminent plan to deploy charging stations was shared by the chairman of the Adani Group Gautam Adani.
12 hours ago
Owners can avail of these services until December 31, 2023.
13 hours ago
Special services also include complimentary towing, expedited insurance claims and repairs, and special offers on new vehicles in case the car is a total loss.
13 hours ago
The S1 X+ comes with a 3 kWh battery pack and has a claimed range of up to 151 km.
1 day ago
The latest iteration gets a slew of updated features and mechanical upgrades.
1 month ago
With Bosch’s prioritising the safety of the riders, the brand is developed new technology including radar-based motorcycle assistance systems and a comprehensive portfolio of functions
5 months ago
New deal will now see Bosch logos appear at race tracks during the season as well as feature on the series’ safety car.
9 months ago
Surging inflation and worries of a global economic slowdown have left several multinational firms cautious of their growth prospects this year, as people cut back on discretionary spending.
11 months ago
Bosch is set to earn more than 87 billion euros in revenues in 2022
11 months ago
Bosch will invest more than $200 million to produce fuel cell stacks in its South Carolina facility, as the German auto supplier accelerates its transition to electrification.