The German government is generous! According to people familiar with the matter, the German government plans to allocate 20 billion euros (about 22 billion US dollars) to support the semiconductor manufacturing industry. This extra-budgetary fund will be distributed to domestic and international companies in Germany by 2027 and will be drawn from the country's climate and transition fund.
Among them, a new Intel factory has received 10 billion euros in aid, and companies such as TSMC and Infineon will also receive about 7 billion euros in subsidies. This means that at least 3 billion euros can be used for other projects. It seems that the German government's support for the semiconductor industry is unprecedented!
This is undoubtedly good news for the semiconductor industry. What positive impact do you think this will have on the semiconductor industry? Feel free to speak your mind in the comment section! 🎉
Among them, a new Intel factory has received 10 billion euros in aid, and companies such as TSMC and Infineon will also receive about 7 billion euros in subsidies. This means that at least 3 billion euros can be used for other projects. It seems that the German government's support for the semiconductor industry is unprecedented!
This is undoubtedly good news for the semiconductor industry. What positive impact do you think this will have on the semiconductor industry? Feel free to speak your mind in the comment section! 🎉