Posts tagged General Motors Component Holdings plant
‘Nothing left’: UAW releases video inside Indiana plant, blasts GM downsizing
June 6, 2023 // In response to the idea that GM could still be making semiconductor chips at the facility, Barnas said, "The business environment of semiconductor manufacturing is complex, very competitive, capital intensive and vastly different than that of the past. Our company doesn’t possess the engineering, manufacturing expertise, facilities nor technology capability to do this capital intensive type of work. All this expertise would be necessary to be competitive in this category of advanced semiconductors production." As an example of the cost, Samsung is spending $17 billion to build a semiconductor factory in Texas and Intel said it is spending $40 billion on chip facilities in Arizona, Ohio and New Mexico. Locally, metro Detroit auto parts supplier Bosch said last year it will invest nearly $300 million to extend semiconductor production in its facility in Reutlingen, Germany, starting in 2025. Currently, GM makes a variety of electronic components for its engines, transmissions and air bag sensors for its vehicles at the Kokomo facility, where 169 people work, according to GM's website.