Germany to tap climate fund for €20bn to subsidise chip projects
Germany to tap climate fund for €20bn to subsidise chip projects
Intel is to get €10 billion – for its €20 billion two fab web site at Magdeburg.
TSMC is to get €5 billion for a €10 billion fab in Dresden, but to be agreed on.
Infineon is to get €1 billion for a €5 billion fab in Dresden.
ZF (Zahnradfabrik Friedrichshafen) Group and Wolfspeed are negotiating to get about €750 million for a €3 billion SiC chip plant in Saarland.
Which leaves about €3 billion which may very well be going to Bosch and GloFo which each have fab websites in Dresden.
The Local weather and Transformation fund was arrange in July 2022 to fund the decarbonisation of the German economic system however has since been expanded to cowl different areas which may very well be threatened with price range cuts by finance minister Christian Lindner.
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