Around 200 million euros
Chip giant Nexperia expands in Germany
The Chinese-controlled chip manufacturer Nexperia is expanding its most important production site in Hamburg at a cost of 200 million dollars (187 million euros). The next generation of semiconductors is to be produced there, Nexperia announced on Thursday.
"This investment strengthens our position as a leading supplier of energy-efficient semiconductors," said CFO Stefan Tilger.
The investment by the company, which has been owned by China's Wingtech since 2018, is a rare example of a chip investment in Europe that does not require government subsidies.
Nexperia announced the expansion plans against the backdrop of strained economic relations between the European Union and China.
EU competition regulators are investigating whether China is unfairly subsidizing the domestic production of certain chips for cars and household appliances. Nexperia produces 100 billion such chips annually, which corresponds to almost a quarter of global supply.
The production sites are located in Europe, while assembly and packaging takes place in China, Indonesia and the Philippines.
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