Wolfspeed plans multi-billion dollar chip factory in Germany – Handelsblatt

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German auto supplier ZF will hold a minority stake, the business newspaper said, citing unidentified sources familiar with the project.

Production should start in four years at the site in the small southwestern German state of Saarland, the report added.

A spokesman for Saarland’s economy ministry declined to comment.

Wolfspeed did not immediately respond to requests for comment outside normal business hours. ZF declined to comment.

Intel last year named Magdeburg, Germany, as the site for its new mega-chip manufacturing complex, a key part of its $88 billion investment drive across Europe.

($1 = 0.9212 euro)

(Reporting by Tom Sims; Editing by Mike Harrison)

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