Apple to build silicon design centre in Munich as part of $1.2bn investment

Munich is already Apple’s largest engineering hub in Europe

Apple is to set up a European silicon design centre in Munich, Germany, and invest more than €1bn ($1.2bn, £856m) over the next three years in expanding its team there as well as in research and development.

The tech giant announced it will open a new 30,000-square-metre facility in central Munich’s Karlstrasse later next year.

Munich is already Apple’s largest engineering hub in Europe, with close to 1,500 engineers from 40 countries working in sectors including power management design, application processors, and wireless technologies.

Together, they have improved performance and efficiency on iPhone, iPad, Apple Watch, and Mac with the M1 chip, Apple said.

The new facility will be home to Apple’s growing cellular unit, and Europe’s largest R&D site for mobile wireless semiconductors and software.

What is your sentiment on AAPL?

146.94
Bullish
or
Bearish
Vote to see community's results!

Apple said the team at the new facility will also focus on 5G and other wireless technologies, adding that they’ll also develop modems for Apple products.

The expansion follows a $600m deal struck by Apple with Anglo-German chip designer Dialog Semiconductor in 2018 to bring in-house the teams designing the main power chips used in its iPhone and other devices.

Apple claims it has spent over €15bn with over 700 companies in Germany over the last five years, including chip maker Infineon and battery firm Varta.

FURTHER READING: Amazon to buy over half of energy produced by 759 megawatt Dutch wind farm

The material provided on this website is for information purposes only and should not be regarded as investment research or investment advice. Any opinion that may be provided on this page is a subjective point of view of the author and does not constitute a recommendation by Currency Com Bel LLC or its partners. We do not make any endorsements or warranty on the accuracy or completeness of the information that is provided on this page. By relying on the information on this page, you acknowledge that you are acting knowingly and independently and that you accept all the risks involved.
iPhone Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image
Trade the world’s top tokenised stocks, indices, commodities and currencies with the help of crypto or fiat
iMac Image