Deal between ZF and Wolfspeed about the chip production plant is seen as a sign of business's future

Deal between ZF and Wolfspeed about the chip production plant is seen as a sign of business’s future

Finally, the $3 billion transaction between ZF Friedrichshafen and Wolfspeed offers a glimmer of light for German auto workers. It emphasises the government’s commitment to easing the transition to EVs and making the process as easy as possible for employees. The agreement will create jobs for local residents, enhance the local economy, and help Germany maintain its position as a leading player in the car industry.