US EditionGermany to Spend €3 Billion Earmarked for Chip Industry on Roads
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4 Articles
Germany to Spend €3 Billion Earmarked for Chip Industry on Roads
The German government is scaling back financial aid for its semiconductor industry, cutting planned subsidies by €3 billion ($3.5 billion) over the next few years as it seeks to overhaul aging infrastructure.
Chip Subsidies To Be Spent On Road Repairs
How quickly times change – especially in the chip business. Remember those days when the auto industry Titans couldn’t get chips because they had cancelled orders when car sales collapsed ... The post Chip Subsidies To Be Spent On Road Repairs appeared first on Electronics Weekly.
"Everything that is ready for construction is being built," says German Chancellor Merz. He means less chip factories than roads and rails.
The German Government will allocate EUR 3 billion to the repair of infrastructure, such as roads and bridges, from the budget allocated by the former Executive of Olaf Scholz to support the semiconductor industry.
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