technology
European Commission Approves €659 Million in German State Aid for Semiconductor Plants
The European Commission approved €659 million in German state aid to support construction of four new semiconductor manufacturing facilities. The funding targets production capacity for chips used in automotive, industrial, and consumer electronics sectors.
Jul 14, 5:46 AM·1m read2 sources
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The European Commission approved €659 million in German state aid for four new semiconductor manufacturing facilities. The aid package will support construction of the plants, which are intended to increase European production capacity for semiconductors used in automotive, industrial, and consumer electronics applications.
The European Commission stated the aid meets EU state-aid rules and will be provided by German authorities. The facilities are expected to create new production lines for chips that are currently supplied largely from outside Europe.
Construction timelines and specific locations for the four facilities were not disclosed in the announcement. The projects remain subject to standard regulatory approvals required for new industrial construction in Germany.
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