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Germany’s Rheinmetall Has 5-Yr Supply of Semiconductor Chips – Rheinische Post | Technology News



FRANKFURT (Reuters) – German military equipment maker Rheinmetall’s chip supplies should last five years after it spent 500 million euros ($519 million) this year to ramp up inventory of semiconductors and electronic components, Rheinische Post reported on Friday.

At the same time, the booming demand for military equipment is not a reason for Rheinmetall to sell its automotive unit, which supplies carmakers with engineering parts such as pumps and valves, Chief Executive Armin Papperger told the newspaper.

(Reporting by Zuzanna Szymanska; Editing by Kirsten Donovan)

Copyright 2022 Thomson Reuters.

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