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20 Aug
13:27

Germany to provide €5 billion state aid for semiconductor factory

The European Commission cleared on Tuesday a €5 billion ($5.54 billion) German state aid package to support a “first-of-its-kind” semiconductor factory in Dresden, Saxony.   The large-scale microchip manufacturing facility is being developed by European Semiconductor Manufacturing Company (ESMC) – a joint venture between Taiwan’s chip giant TSMC, Bosch, Infineon and NXP. It will produce high-performance chips based on 300-mil…
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