Thats a significant step for both the countrys green mobility and Europes chip industry.
According to the newspaper, the over 2 billion-worth facility will be located at a site in southwest Saarland.
Series production is expected to begin in four years.
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Wolfspeeds plant is also good news forEuropethats struggling in chip production currently accounting for10% of the global market.
In response, the EU has been trying to improve its domestic manufacturing capacity.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
