Business / Economy / Technology
Add as a preferred source on GoogleThe factory would make chips for electric vehicles and other applications.
US power chip maker Wolfspeed Inc is planning to build a factory in the small southwest German state of Saarland, that costs more than $2.17 billion.
The factory would make chips for electric vehicles and other applications.
The German auto supplier ZF Friedrichshafen AG will hold a minority stake.
The factory, which would create hundreds of jobs in Saarland state, should start production in four years.
Gordon Brothers and Pepco said the appointments would add dealmaking and industry experience as the process considers the chain and viable parts of its business.
IDC puts third-quarter shipments at 255.3 million, while Counterpoint and Omdia each estimate a 20% decline. Xiaomi, OPPO and vivo posted shipment drops of 29% or more.
OperatorOS is Surf Air Mobility’s flight operations software.
