The Sleepy Czech Town Helping Europe Compete in the Global Chip War
A 2 Billion Investment by a U.S. Chipmaker is Giving Roznov pod Radhostem a New Lease on Life
Roznov pod Radhostem, Czech Republic
The sleepy Czech town of Roznov pod Radhostem was best known for its rum-drizzled sweet pies and wooden houses. But a 2 billion dollar investment by a U.S. chipmaker is giving the town a new lease on life.
ON Semiconductor, a leading supplier of power and sensing technology, is building a new chip factory in Roznov pod Radhostem. The factory is expected to create 1,000 jobs and help Europe compete in the global chip war.
"This investment is a major vote of confidence in the Czech Republic and in our ability to compete in the global chip market," said Czech Prime Minister Andrej Babis.
The global chip shortage has had a major impact on the automotive industry, which relies on chips for everything from engine control to infotainment systems. The new chip factory in Roznov pod Radhostem will help to ease the chip shortage and boost the European automotive industry.
"This is a great opportunity for Roznov pod Radhostem and for the Czech Republic," said Mayor Vaclav Zatloukal. "This investment will create new jobs and help to revitalize our economy."
Conclusion
The investment by ON Semiconductor is a major boost for Roznov pod Radhostem and for the Czech Republic. It is a sign that the sleepy town is waking up to the challenges of the 21st century and is ready to compete in the global economy.
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