Germany-based technology group Robert Bosch has earmarked more than 400 million euros ($467 million) for investments in microchip production in Germany and Malaysia next year to ease a global shortage.

The largest part of Bosch’s budget will be spent on a faster expansion of its Dresden, Germany factory for 300-millimeter wafers, which the group inaugurated in June.

About 50 million euros will be invested at a site in Reutlingen near Stuttgart making 200-millimeter wafers. Stuttgart, Germany-based Bosch also makes car parts and factory automation systems.

Another project to be funded will be the construction of a semiconductor testing facility in Penang, Malaysia, without specifying the level of investment.

Intel, the biggest maker of processor chips for PCs and data centres, said last month it could invest up to 80 billion euros in Europe over the next decade.