FRANKFURT, Jan 21 (Reuters) – U.S. power chip maker Wolfspeed Inc (WOLF.N ) plans to invest more than 2 billion euros ($2.17 billion) in a factory in Germany, Handelsblatt reported on Saturday.
German auto supplier ZF will take a minority stake, the business newspaper said, citing unnamed sources familiar with the project.
The report added that the plant would start production in the small state of Saarland in southwestern Germany in four years’ time.
A spokesman for the Saarland economy ministry declined to comment.
Wolfspeed did not immediately respond to a request for comment outside normal business hours. ZF declined to comment.
Intel (INTC.O) last year named Magdeburg, Germany, as its new major chip manufacturing site, a key part of its $88 billion investment plan in Europe.
($1 = 0.9212 EUR)
Reporting by Tom Sims; Editing by Mike Harrison
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