EU Approves German State Aid for Semiconductor Manufacturing
EU Approves German State Aid for Semiconductor Manufacturing
The European Commission has authorized Germany to invest nearly €300 million in the establishment of two semiconductor manufacturing facilities.
The funding will support projects by Zeiss in Oberkochen and Zadient in Bitterfeld, with Zeiss receiving €222 million for a new production site focused on chip manufacturing machinery, and Zadient allocated €66 million for a project to produce ultra-pure silicon carbide (SiC) for chips. The Commission anticipates that these initiatives will enhance the EU’s position and autonomy within the semiconductor supply chain, while adhering to strict state aid regulations to prevent competitive distortions among member states.
For journalistic integrity, this report was summarized from: handelsblatt.com
