autos

German EV-Chip Deal Draws Scholz as Beacon for Industry's Future – Bloomberg


In the auto industry’s rocky transition to electric vehicles, German Chancellor Olaf Scholz is celebrating a small but symbolic victory.

The cause is a $3 billion deal between auto supplier ZF Friedrichshafen and semiconductor maker Wolfspeed Inc. to produce chips for EVs in Saarland, a region in the western corner of Germany with an economy deeply tied to the fading internal combustion engine.



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