AGL 39.91 Decreased By ▼ -0.09 (-0.23%)
AIRLINK 128.20 Decreased By ▼ -0.86 (-0.67%)
BOP 6.84 Increased By ▲ 0.09 (1.33%)
CNERGY 4.70 Increased By ▲ 0.21 (4.68%)
DCL 8.42 Decreased By ▼ -0.13 (-1.52%)
DFML 41.23 Increased By ▲ 0.41 (1%)
DGKC 82.50 Increased By ▲ 1.54 (1.9%)
FCCL 33.05 Increased By ▲ 0.28 (0.85%)
FFBL 73.49 Decreased By ▼ -0.94 (-1.26%)
FFL 11.85 Increased By ▲ 0.11 (0.94%)
HUBC 110.74 Increased By ▲ 1.16 (1.06%)
HUMNL 14.31 Increased By ▲ 0.56 (4.07%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.50 Decreased By ▼ -0.22 (-2.85%)
MLCF 38.81 Increased By ▲ 0.21 (0.54%)
NBP 63.90 Increased By ▲ 0.39 (0.61%)
OGDC 193.48 Decreased By ▼ -1.21 (-0.62%)
PAEL 25.55 Decreased By ▼ -0.16 (-0.62%)
PIBTL 7.37 Decreased By ▼ -0.02 (-0.27%)
PPL 153.69 Decreased By ▼ -1.76 (-1.13%)
PRL 25.85 Increased By ▲ 0.06 (0.23%)
PTC 17.40 Decreased By ▼ -0.10 (-0.57%)
SEARL 82.00 Increased By ▲ 3.35 (4.26%)
TELE 7.61 Decreased By ▼ -0.25 (-3.18%)
TOMCL 33.41 Decreased By ▼ -0.32 (-0.95%)
TPLP 8.54 Increased By ▲ 0.14 (1.67%)
TREET 16.45 Increased By ▲ 0.18 (1.11%)
TRG 56.80 Decreased By ▼ -1.42 (-2.44%)
UNITY 27.55 Increased By ▲ 0.06 (0.22%)
WTL 1.37 Decreased By ▼ -0.02 (-1.44%)
BR100 10,513 Increased By 67.7 (0.65%)
BR30 31,192 Increased By 2.7 (0.01%)
KSE100 98,306 Increased By 507.8 (0.52%)
KSE30 30,664 Increased By 183.6 (0.6%)

BERLIN: US tech giant Apple said it planned to invest more than one billion euros ($1.2 billion) in Germany and open Europe’s biggest research facility on mobile wireless semiconductors and software. Apple said it would make Munich its “European Silicon Design Centre”, creating hundreds of new jobs at a facility for 5G and wireless technologies. “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 facility in Munich, slated to open in 2022, would host “Apple’s growing cellular unit, and Europe’s largest R&D site for mobile wireless semiconductors and software”. The announcement comes a day after the EU said it aims to capture 20 percent of the world’s semiconductor market by 2030 as Europe looks to become a tech power to rival the US and China.

Under a new roadmap, the European Commission also wants the EU to develop its first quantum computer before the end of the decade in order to be ready for a new era in 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.

Comments

Comments are closed.