REUTLINGEN, Germany – Five years ago, Robert Bosch invested €600 million ($652 million) in a second electronics plant to fabricate wafers of microchips, arrayed edge to edge and then cut with a saw and used in vehicles, smartphones, laptops and other electronic devices. It was the largest single investment in Bosch’s history. When Bosch opens a new R&D lab in Renningen, Germany, later this year, the pricetag is expected to fall short of the 5-year-old “wafer ...

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