Germany sets aside €20bn state-aid package to win semiconductor investments
The EU’s largest economy is planning multibillion-euro subsidy packages for global companies like Intel and TSMC
Germany is preparing a state-aid package worth about €20 billion to attract foreign direct investments from semiconductor manufacturers in the coming years.
The EU’s largest member state confirmed it will draw the new state-aid warchest from its existing off-budget climate and transformation fund starting next year.
“We are only able to provide concrete funding amounts for individual projects once the European Commission has given its approval under state aid law and the funding decision has ...