Published

German government plans billions of euros in new chip subsidies, Bloomberg News reports

  • The German government is investing billions of euros into its semiconductor industry, following Intel's cancellation of a €30 billion chip factory in Magdeburg.
  • New funds will help chip companies develop advanced production capacities, as stated by Annika Einhorn from the German economic ministry.
  • The U.S. CHIPS Act aims to address chip shortages and threats from China, emphasizing the need for skilled workers to sustain its semiconductor industry.
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  • 42% of the sources lean Left
42% Left
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