Wolfspeed Delays German Chip Factory Plans Amidst E-Mobility Market Slump
The US chipmaker's decision to postpone the €2.7 billion project in Saarland highlights challenges in Europe's semiconductor ambitions.
- Wolfspeed has indefinitely postponed the construction of a silicon carbide chip factory in Ensdorf, Saarland, citing weak demand for electric vehicles.
- The project, initially announced in early 2023, was set to create up to 1,000 jobs and boost Europe's semiconductor self-sufficiency.
- German auto supplier ZF, initially a partner in the project with a planned €170 million investment, has reportedly withdrawn support.
- The delay is a setback for Germany's broader strategy to reduce reliance on Asian chipmakers, following similar postponements by Intel.
- Saarland's leadership calls for federal support to stabilize the region's economy, emphasizing the need for incentives for the struggling EV market.
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