According to Handelsblatt, Wolfspeed intends to build a multibillion dollar chip factory in German

According to a Saturday article in Handelsblatt, American power chip manufacturer Wolfspeed Inc. plans to invest more than 2 billion euros ($2.17 billion) in the construction of a factory in Germany.

Germany gets a multi billion chip factory of US company Wolfspeed, cites sources from Handelsblatt.

FRANKFURT, Jan 21 (Reuters) - U.S. power chip maker Wolfspeed Inc (WOLF.N) is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday.

The German auto supplier ZF will hold a minority stake, the the business newspaper said, citing unidentified sources familiar with the project.

Production should begin in four years at the site in the small southwest German state of Saarland, the report added.

A spokesperson for the economics ministry of Saarland declined to comment.

Wolfspeed didn't immediately respond to requests for comment outside of normal business hours. ZF declined to comment.

Intel (INTC.O) last year named Magdeburg, Germany, as the site for its new mega chip manufacturing complex, a key part of its $88 billion investment drive across Europe.


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