Global corporations are investing in Germany
Germany is highly attractive for international companies. Three examples of investments worth billions.
Germany is one of the world’s largest export countries. But the Federal Republic also attracts investments from all over the world: international corporations choose Germany as a base for their business by building development centres or large-scale production facilities there. Three examples from different parts of the country.
Apple development centre in Munich
The US tech company has opted for Munich and the city’s surrounding area to build its largest European development centre. Whether wireless technologies, connectivity or more powerful chips: the fundamental work for all this is carried out by the approximately 2,000 employees in Munich. An Apple campus is to be built in the heart of the Bavarian capital, too. Apple CEO Tim Cook rates Germany highly: “Munich has been home to Apple for four decades. We’re grateful to the city and to Germany as a whole for what we’ve achieved together, and we look forward to the road ahead,” said Cook in 2021.
Tesla Gigafactory near Berlin
Another investment worth billions was the construction of Tesla’s Gigafactory in Grünheide, Brandenburg, near Berlin. This is the electric car manufacturer’s first plant in Europe. Production started at the beginning of 2023, with 3,000 Model Y cars now being produced there every week. Tesla’s plan is to start by producing some 500,000 vehicles per year in Germany. After further expansion measures, as many as one million cars per year are expected to roll off the German production line. The car manufacturer is said to employ a workforce of some 12,000.
The world’s largest chip factory in Saarland
US chip manufacturer Wolfspeed is looking to build the world’s largest factory for silicon carbide semiconductors in Saarland, near the French border. More than two billion US dollars are to be invested in the new plant on the site of a disused coal-fired power station in Ensdorf. “It was important for us to have a facility in the heart of Europe, close to a lot of our customers and partners,” said company CEO Gregg Lowe. As Federal Chancellor Olaf Scholz emphasised: “The construction of this factory has brought the industrial revolution back to Ensdorf. There is much to suggest that the future belongs to silicon carbide semiconductors in the field of new renewable energies, telecommunications and in particular electromobility
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