Bosch to invest more than 400 million eur in chip production

FILE PHOTO: The Robert Bosch logo at the company's research and development centre Campus Renningen during a guided media tour in Renningen, Germany, September 30, 2015. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - German technology group Robert Bosch has earmarked more than 400 million euros ($467 million) for investments in microchip production in Germany and Malaysia next year to ease a global shortage.

A lack of chips for automakers has disrupted vehicle production around the world, with suppliers relying almost exclusively on chips from only a few manufacturers in Asia and the United States.