To combat chip shortage, Bosch to invest $296M to produce semiconductors – TechCrunch
Bosch is increasing its previously stated investment in semiconductor production in order to stay on top of the ongoing chip shortage. The company is adding an additional $296 million, on top of the $473 million Bosch already pledged to spend in 2022 last year, to new manufacturing facilities. Most of last year’s capital was earmarked…