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Germany to provide $22 billion in semiconductor subsidies

Germany to provide $22 billion in semiconductor subsidies

Posted Date: 2023-07-27

July 26, 2023 /SemiMedia/ — The German Financial system Ministry mentioned on July 25 that the federal government is getting ready subsidies value round 20 billion euros ($22 billion) to assist the event of native semiconductor manufacturing within the coming years.

The ministry mentioned the supply of the funding was the Local weather and Transformation Fund, however didn't specify a timeline for the deliberate help.

Based on earlier stories, the German authorities has agreed to offer 10 billion euros in subsidies for Intel’s new manufacturing facility, and is agreeing to offer about 6 billion euros in further subsidies to corporations comparable to TSMC and Infineon Applied sciences.

The overall subsidy program means that not less than 3 billion euros are nonetheless out there for extra funding, which may benefit different corporations lively in Germany. GF has a large presence in Dresden, whereas German provider Bosch additionally operates a chip manufacturing facility within the metropolis.