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Home Sector Information Technology

Turkey & Qatar jointly invest $60 million to launch semiconductor production

16 July 2023
in Information Technology
Reading Time: 2 mins read
0
Turkiye-Qatar Investment

In December 2019, Turkiye’s Automobile Joint Venture Group (TOGG) unveiled the first electric vehicle prototype in Turkey. With an ambitious plan to produce one million vehicles across five different models by 2030, TOGG is at the forefront of Turkey’s push towards next-generation, hybrid, and electric vehicles.

Now, Turkey and Qatar have joined forces to launch semiconductor production, according to the Turkish Industry and Technology Minister, Mehmet Fatih Kacir. The investment, valued in the millions, involves Qatar moving its investment for producing 65-nanometer chips to Turkey, projected to be worth over $60 million.

Minister Kacir highlighted Turkey’s industrial strategy and its objective to attract more global investors to support significant investments in the thriving semiconductor industry. Turkey aims to not only strengthen its export capacity but also meet the growing domestic demand for advanced vehicles.

As part of its commitment to the electric vehicle industry, Turkey plans to manufacture one million units of its first domestic electric car brand, Togg, by 2032. Togg has already taken its first steps in this journey by introducing its inaugural model, the T10X, to the domestic market. The company aims to deliver 20,000 units of electric cars before the end of the current year.

Buyers of the T10X, featuring 160 kW (218 horsepower) with rear-wheel drive, have the option to choose between a range of 314 kilometers (195 miles) or 523 kilometers (325 miles) with different battery capacities. The T10X can accelerate from 0 to 100 km/h in 7.6 seconds, while an upgraded version with 320 kW (435 horsepower) and all-wheel drive can achieve the same acceleration in just 4.8 seconds.

To support the growing electric vehicle market, fast-charging stations will enable the TOGG T10X’s batteries to recharge up to 80% capacity from 20% in less than 28 minutes.

With this collaboration between Turkey and Qatar in semiconductor production, Turkey aims to attract global investors and solidify its position as a leader in the electric vehicle industry. The ambitious plans and technological advancements signify Turkey’s commitment to sustainability and innovation in the automotive sector.

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