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Stock impact report

Foreign investment in Germany reaches new record [Yahoo! Finance]

Wolfspeed, Inc. (WOLF) 
Company Research Source: Yahoo! Finance
economic downturn and high energy prices, according to an analysis published on Tuesday by the federal development agency Germany Trade and Invest (GTAI). In 2023, commitments for new establishments and expansions totalled 34.8 billion euros ($37.53 billion), exceeding the previous record level of 25.3 billion euros in 2022 by more than a third. "The level of investment has increased noticeably," Achim Hartig, managing director of GTAI, told Reuters. THE BIGGEST PROJECTS Eight projects had a volume in the billions. Number one is the Taiwanese semiconductor group TSMC, which plans to invest 10 billion euros in a new plant in Dresden. The U.S. chip company Wolfspeed wants to spend 3 billion euros on a plant in Saarland. Apple wants to massively expand its European centre for chip design in Munich, planning to spend 1 billion euros. In other sectors, the U.S. pharmaceutical group Eli Lilly is spending around 2.3 billion euros on its new plant in Alzey in Rhineland-Palatinat Show less Read more
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