Germany Readies €2 Billion in New Semiconductor Subsidy Package

[Nomad76]

Germany is set to invest €2 billion in the semiconductor industry after recent setbacks, according to TrendForce via Liberty Times citing Bloomberg. The German government's new funding is in response to the chip sector's problems, including Intel's delay of the Magdeburg factory and global disruptions in the semiconductor supply chain. The investment will support 10 to 15 projects from wafer production to microchip assembly to strengthen Germany's and Europe's microelectronics ecosystem. This is in line with the European Chips Act which aims to increase the EU's global production capacity to 20% by 2030.

Intel's €30 billion Magdeburg factory delay and other cancelled chip projects from Wolfspeed and ZF Friedrichshafen AG have created uncertainty in the German market. The Ministry of Economic Affairs is now calling for new applications for funding, with up to €3 billion available. The timing of the semiconductor investment follows the global supply chain disruptions caused by the pandemic and the increasing geopolitical tensions between the US, China and Taiwan. Germany is following a broader trend of governments investing in local semiconductor production to increase technological independence and economic resilience. The funding is subject to budget reallocation with the new government after February 2025 elections. In the first round of subsidies from the European Chips Act, Germany allocated resources to two key initiatives: Intel's investment and a collaborative project between Infineon and TSMC in Dresden.



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[bonehead123]

Well, hopefully it won't take 3-4 years to dispense the funds, unlike the bureaucratic red tape-infested, conglomerated clusterf*ck that we call a gov't here in the good ole US of A

Perhaps the new administration will speed things up a bit, as they've been hyping up the efficiency-improvement thing a lot lately.....

 

[Vayra86]

Well, hopefully it won't take 3-4 years to dispense the funds, unlike the bureaucratic red tape-infested, conglomerated clusterf*ck that we call a gov't here in the good ole US of A

Perhaps the new administration will speed things up a bit, as they've been hyping up the efficiency-improvement thing a lot lately.....

Well Scholz out of the way is certainly going to speed SOMETHING up, my god the man is an indecisive fool if I've ever seen one. Afraid, too, or 'risk averse' in a more political context. This is the type of leader who caves to finally make the right decision when the game has already been played and all chess pieces are back in the box again, and then wonders why it didn't work for him after all. Its horrible; with allies like that, its painful to have enemies at all.

 

[dont whant to set it"']

Good luck to them and their green hat they be wearing, shade-giga-subsidy planet raping tool.