Apple to invest USD 1.19 billion to build a chip design unit in Germany

Apple to invest USD 1.19 billion to build a chip design unit in Germany

by Nandita Bhardwaj

American multinational technology conglomerate Apple Inc. has reportedly unveiled its plans to make huge investments in Europe for the advancement of its wireless technological portfolio. The tech giant is set to invest more than one billion euros (approx. USD 1.19 billion) to build a new facility in Munich, Germany for focusing on 5G and succeeding wireless technologies.

Expressing his enthusiasm, CEO Tim Cook stated that the company will expand its engineering teams in Munich, exploring new frontiers of the 5G technology to a new generation of solutions that bring speed, power, and connectivity across the globe.

Munich will reportedly set off as the company’s European silicon design center, where it intends to recruit hundreds of new employees and develop a new state-of-the-art facility focused on wireless technologies and connectivity.

The investment will be made over the next three years and is aimed at the expansion of the company’s existing Munich facility and R&D. Apple has had a base in Munich for nearly four decades now.

According to reliable sources, Apple’s teams in Munich are working on application processor SoCs, along with mixed & analog signal solutions for iPhones. The new unit would house Apple’s growing cellular facility and would be the largest R&D site in Europe for mobile wireless software and semiconductors.

The company’s new 30,000-square-meter facility, which is situated in Karlstrasse, central Munich, will entirely operate on 100 percent renewable energy. As stated by Apple, the company plans to begin moving into the new building in late 2022.

Established in 2015, Apple’s Bavarian Design Center, presently has more than 350 engineers, operating on numerous power management unit chips that are utilized across its range of products comprising iPad, iPhone, Mac, and Apple Watch.

Having rolled out four variants of its 5G iPhones in late 2020, the tech major is reaping the rewards of a 5G iPhone supercycle, cited sources knowledgeable of the matter.

Source credit –

https://www.benzinga.com/news/21/03/20097922/apple-plans-to-invest-1-19b-in-german-chip-design-unit?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+benzinga+%28Benzinga+News+Feed%29

Nandita Bhardwaj

Having a marketing management post graduate degree under her belt, Nandita spent considerable time working in the field of recruitment. However, her real interest lay in playing with words and soon enough, she commenced her career in the field of content creation. Currently, she authors insightfuRead more...