EU approves $960 million in German aid for Infineon chips plant

Germany is allowed to support the construction of a new chip factory in Dresden with almost one billion euros. The European Commission in Brussels approved the aid of 920 million euros for the construction of the plant of the semiconductor group Infineon, as stated in a communication. The measure will enable Infineon to conclude a specific project to enable the production of a wide range of different chips. The new production facility will conne…

Germany is allowed to support the construction of a new Infineon chip factory in Dresden with almost one billion euros. The first semiconductors are scheduled to roll off the belt in the coming year.

EU approves $960 million in German aid for Infineon chips plant

Chipmakers across the globe are pouring billions of dollars into new plants

The German state is allowed to support a new Infineon factory in Dresden to almost one fifth. The project strengthens Europe's security of supply, the EU Commission has given its approval.

EU approves 920 million euro German aid for Infineon chips plant

BRUSSELS : The European Commission approved a 920 million euro German state aid to Infineon for the construction of a new semiconductor manufacturing plant in Dresden, it said in a statement on Thursday.The measure will allow Infineon to complete the MEGAFAB-DD project which will be able to produce a wide

The project led by Infineon will receive a grant of almost EUR 1 billion from the German state. The new facility will, according to Brussels, strengthen Europe's technological capacity and autonomy.