Bosch plans to invest more than $3 billion in its growing semiconductor business by 2026 in a bid to power its way clear of the world's gnarled supply chain of chips.
The investment will address a range of semiconductor industry needs, including the addition of testing centers, research into new kinds of chips and, most important, new chip-production capacity in Germany.
Over the past 18 months, a shortage of microchips has caused automakers around the world to cancel 13 million vehicles from production schedules, according to AutoForecast Solutions LLC.