In conditions when the defense budget of Germany has grown by 100 billion euros, one can afford such a luxury.
Against the backdrop of numerous moans from companies from various fields of activity about the continued shortage of semiconductor components and its catastrophic impact on business, the statements of the German conglomerate Rheinmetall, which produces a wide range of weapons and military equipment, sound very symbolic. As explains Reutersthis year the company managed to spend 500 million euros to replenish the stock of semiconductor components needed for the production of its products.
Image Source: Rheinmetall
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The available stock of chips, according to the source, Rheinmetall will last for five years of production activities. By the way, this did not prevent the company, as part of the current business optimization, from putting up for sale a division for the production of components for automotive equipment – valves and pumps, among other things. At the same time, the German defense giant is not going to completely abandon the production of civilian products.