High-tech Germany: Investing Sends an Important Signal

The Gerlingen based company, Bosch, intends to invest around 1 billion euros in building and expanding Dresden’s semiconductor sector and the plans include a factory featuring innovative manufacturing techniques.

Dr Volkmar Denner, Chairman of the Board of Management of Bosch, said:

“The new production site for semiconductors is the biggest single investment in more than 130 years of Bosch history. As we are expanding our production capacities, we are preparing ourselves for the future and are strengthening our competitiveness.”

Dresden is famous for its microelectronics cluster which is unique in Europe and is also known as “Silicon Saxony”. Supplier companies, service providers, the application industry and universities with the relevant technological know-how are part of the cluster. In addition, Dresden will use the “Digital Hub Initiative”, launched by the Federal Ministry for Economic Affairs and Energy, to become an ecosystem for the “Internet of Things”. Bosch plans close cooperation with local and regional semiconductor and supplier companies in order to better position not only Germany but also Europe on international markets.

“Strengthening the semiconductor sector in Germany and therefore also in Europe means investing into a central technology of the future. It represents an important measure to maintain and increase the competitiveness of Germany as an industrial centre.” said Brigitte Zypries, Federal Minister for Economic Affairs and Energy.

Saxony’s Prime Minister Stanislaw Tillich also added:

“Innovative products for the Internet of Things and Industry 4.0 are of foremost importance for the microelectronics sector and for European industry.”

Photo credit: http://www.colourbox.com. Material used in the preparation of this article has been drawn from The Federal Ministry for Economic Affairs and Energy (BMWI).

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