Berlin: American technology giant Apple said on Wednesday that it plans to invest more than 1 billion euros ($1.2 billion) in Germany and open Europe’s largest mobile wireless semiconductor and software research institute.
Apple said it will use Munich as its “European Silicon Design Center” to create hundreds of new jobs in 5G and wireless technology facilities.
“I couldn’t be more excited for everything our Munich engineering teams will discover — from exploring the new frontiers of 5G technology, to a new generation of technologies,” Apple CEO Tim Cook said in a statement.
“Munich has been a home to Apple for four decades,” he added.
Apple has had a base in Munich since 1981 and now has hundreds of engineers developing microchips at its centres in southern Germany.
The latest investment in the region would “exceed one billion euros in the next three years alone”, the company said.
It added that the planned new Munich factory is scheduled to open in 2022, and it will house “Apple’s growing cellular phone division, as well as Europe’s largest mobile wireless semiconductor and software research and development base.”
The day after the European Union announced its plan to occupy 20% of the global semiconductor market by 2030, Europe announced that it would become a technological powerhouse against the United States and China.
According to the new roadmap, the European Commission also hopes that the EU will develop its first quantum computer before the end of this century in order to prepare for a new era of fast computing.
A key component in everyday products such as cars and mobile phones, semiconductors are currently in short supply worldwide and Europe is dependent on Chinese and American imports in a market estimated at 440 billion euros ($523 billion) a year.
Shortages, caused by changes in supply chains because of the coronavirus pandemic, have forced some major German manufacturers including Volkswagen to suspend production lines.