Technology company, Bosch, says it plans to invest more than $3 billion in its growing semiconductor business by 2026. The move will help ease worries about supply chain difficulties in the chip sector.

The investment will include addition of testing centres, research into new kinds of chips and an significant expansion of chip manufacturing capacity in Germany. 

As well as semi-conductors used in automotive parts and systems, the additional chips will also be used in the extensive Bosch range of appliances and electronic equipment. 

The move comes on the back of the opening of new semiconductor wafer production capacity in Dresden at a cost of $1 billion, representing the largest single investment in the company's history