EU approves €659 million in German aid for four chip plants

EU approves €659 million in German aid for four chip plants

The Star Online - Tech·2026-07-14 19:00

BERLIN, ⁠July 14 (Reuters) - The ⁠European Commission on ‌Tuesday approved €659 million ($751 million) in German state ​aid to support ⁠four first-of-a-kind ⁠semiconductor facilities in Germany, ⁠saying ‌the projects will ⁠strengthen the EU's position ​and ‌autonomy.

"Today's approval of ⁠Germany's ​support for four new projects ⁠in the semiconductor ​value chain shows Europe is turning the ⁠ambitions of the EU Chips Act into action," ​said Executive ⁠Vice-President Teresa Ribera.

($1 = ​0.8770 ‌euros)

(Reporting by Kirsti ​Knolle; editing by Matthias Williams)

……

Read full article on The Star Online - Tech

Entertainment Malaysia