Stephan von Schuckmann (left), Gregg Lowe
The ZF manager and the Wolfspeed boss are hoping for high subsidies for their planned chip factory in Saarland.
The US chip manufacturer Wolfspeed and its German partner ZF are expecting more than half a billion euros in grants for their planned new semiconductor factory in Saarland and an associated research center. That’s what Wolfspeed boss Gregg Lowe and ZF board member Stephan von Schuckmann said in a joint interview with the Handelsblatt.
The two companies intend to build a state-of-the-art silicon carbide chip factory on the site of a former coal-fired power plant. These components are primarily required by the automotive industry for electric vehicles.
Saarland prevailed among a dozen locations in Europe, Lowe explained. “The most important thing for us is that we get access to personnel from our partner ZF and from the region,” said the US manager.
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