Bosch’s $1.1b chip plant for self-driving cars
Auto supplier Robert Bosch GmbH will build a 1 billion-euro ($1.1 billion) semiconductor plant, the single biggest investment in its history, as the maker of brakes and engines prepares for a surge in demand for components used in self-driving vehicles. The factory in Dresden, Germany will start producing chips needed for autonomous vehicles, smart homes and internet-linked city infrastructure in 2021.