The EU has given the green light for the major project in Dresden and approved German aid for the construction of the semiconductor factory. Federal Minister of Economics Habeck also promises speed from Germany.
The European Commission has approved the five billion euro German aid for the construction of the microchip factory in Dresden. The Brussels authority examined the support under EU aid rules, which allow member states to promote the development of certain economic sectors. According to the Commission, the aid has an incentive effect: without the funding, the plant would not be built. Investments of at least ten billion euros are planned, half of which the Federal Ministry of Economics intends to provide.
The Taiwanese semiconductor company TSMC wants to build a new semiconductor factory in the north of Dresden together with Bosch, Infineon and NXP Semiconductor. The chips will be produced primarily for the automotive industry. The symbolic groundbreaking ceremony is scheduled to take place today, and EU Commission President Ursula von der Leyen is expected to attend.
Federal Minister of Economics Robert Habeck (Greens) welcomed the speed of the Brussels authority – from a German perspective, things should now continue in this way: “We will maintain the high pace of the project and complete the financing approval quickly,” he said. The semiconductor factory is an important project within the framework of the European Chip Act. This is also intended to establish innovative and sustainable semiconductor production in Europe.
Source: Stern
