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Vishay to invest in Itzehoe chip plant – up to 250 new jobs

Germany's economy grew 0.2% in the third quarter. Inflation fell to 2.8%, with 2.955 million people out of work. Thuringia starts building a hospital with EUR 250m in state funds.

Graphic: investment projects by region, 31.10.2026 (own graphic)
Graphic: TERRA WORLD NEWS (own graphic based on the sources listed)

Data as of: As of 31 October 2026, approx. 07:30 CET

Total listed investments (table)403EUR m
GDP Q3 vs Q2 (Destatis)0.2%
Inflation October (Sep: 3.3%)2.8%
Unemployed October (m; rate 6.3%)2.955m

Itzehoe (Schleswig-Holstein): chipmaker Vishay announced a major investment in its German plant. The company speaks of a 'high three-digit million amount'; a CDU MP put it at about EUR 1bn. Federal and state governments are providing about EUR 215m in aid. Up to 250 new jobs are planned (dpa-AFX, 30 Oct).

Thuringia: construction of a new hospital has begun in Eichsfeld district, with about EUR 250m in state funding (Gotha-Aktuell, 30 Oct). In Steinhagen (North Rhine-Westphalia), Schaeffler is removing machinery after ending production; 170 staff are moving to a transfer company (Haller Kreisblatt, 30 Oct).

Economic data: GDP rose 0.2% in the third quarter from the previous quarter (Destatis). Inflation fell to 2.8% in October from 3.3% in September; energy cost 12.2% more than a year earlier. Unemployment stood at 2.955 million (6.3%), 40,000 fewer than in September but 44,000 more than a year earlier. Seasonally adjusted, it rose by 4,000 (Federal Employment Agency, 30 Oct).

Listed investments total EUR 403m, with 560 job cuts stated (own calculation; Amazon's EUR 4.8bn of 20 Oct has dropped out of the period, and Vishay is not included as no exact figure was given).

Investment projects and job cuts, 21–30 Oct 2026 (new at top)
State / regionCompany / projectSectorAmount (EUR m)Jobs (− = cuts)Date / source
Schleswig-Holstein (Itzehoe)Vishay (German subsidiary) – major investment in chip production; about EUR 215m in federal and state aidSemiconductors–250NEW: dpa-AFX, 30 Oct 2026, 16:39; 'high three-digit million amount' (per CDU MP about EUR 1bn) – no exact figure, so not in total; up to 250 new jobs
Thuringia (Eichsfeld district)Eichsfeld Klinikum – new hospital; groundbreaking on 30 Oct; state hospital investment fundsHealthcare250–NEW: Gotha-Aktuell, 30 Oct 2026; 'about EUR 250m in state funds'; no completion date
North Rhine-Westphalia (Steinhagen, Gütersloh district)Schaeffler – production ended late September, machines being removed; 170 staff move to transfer companyAuto supplier––NEW: Haller Kreisblatt, 30 Oct 2026, 13:04; nearly 200 affected; closure announced earlier – not in total
North Rhine-Westphalia (Geldern, Kleve district)Unimicron Germany – circuit board plant closes; voluntary liquidation from 1 NovElectronics–−240Radio K.W., 29 Oct 2026, 15:41; Evertiq, 29 Oct; wind-down H1 2027; up to EUR 35m from parent for liquidation – not an investment
Rhineland-Palatinate (Speyer)Mann+Hummel – plant closure by end-2028; social plan talks fail, conciliation board; IG Metall prepares strikeAuto supplier / filters––ad-hoc-news (boerse-global), 29 Oct 2026, 00:39; about 600 jobs, announced 16/17 Apr 2026 (City of Speyer) – not in total
North Rhine-Westphalia (Verl, Gütersloh district)Schirmer (Beckhoff) – 19,000 m² production hall and 4,200 m² office building; largest investment in company historyMachinery––Neue Westfälische, 29 Oct 2026, 09:11; amount and jobs not stated
Saxony (Zwickau)Volkswagen – circular economy centre: car dismantling ramps upCars / recycling90100dpa-AFX, 28 Oct 2026; 'up to EUR 90m'; 100 jobs at start; investment first announced on 21 Jan 2026, when it was said to secure 1,000 jobs
Bavaria (Dietenhofen, Middle Franconia)Horst Brandstätter Group (Playmobil) – former plant to become 100 MW data centre campusData centres––dpa-AFX, 28 Oct 2026; amount and timeline not stated
Bavaria (Marktheidenfeld-Altfeld)Cummins (about 350 jobs) and Schneider Electric (about 110, incl. Lahr) – jobs at riskEngines / electrical––Radio Gong, 28 Oct 2026; IG Metall figures – not in total
Lower Saxony (Mehrum, Peine district)McCain – plans for fries plant on hold; up to 650 jobs had been plannedFood––top agrar, 27 Oct 2026, 19:21 (added); no amount from McCain; planned jobs, not cuts – not in total
Bavaria (Garching)Suss Microtec – ends production in GarchingSemiconductors / machinery–−70dpa-AFX, 27 Oct 2026
Thuringia (Erfurt)State of Thuringia – expansion of state data centrePublic IT63–Kommune21, 27 Oct 2026; complete by end-2030
Bavaria (Gerolzhofen) and Thuringia (Nordhausen)Aryzta – two plants close, output moves to EislebenBakery–−250dpa-AFX / AWP, 26 Oct 2026; per spokeswoman about 250–300 dismissals (about 600 staff affected in total); lower bound entered
Economy: data published 30 Oct 2026
IndicatorValuePreviousPublished / note
GDP Q3 2026 vs Q2 (%)0.2–Destatis, 30 Oct 2026; year on year +1.3%
Inflation October 2026 (%, flash)2.83.3Destatis, 30 Oct 2026, 14:00; energy +12.2%, core +2.1%
Unemployment rate October 2026 (%)6.36.4Federal Employment Agency, 30 Oct 2026; 2.955m; −40,000 vs Sep, +44,000 year on year
Registered vacancies (thousands)654.0–Federal Employment Agency, 30 Oct 2026; +31,000 year on year

For information only, not investment advice. Prices as of the time stated, not real-time quotes.

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