Germany plans to give subsidies for billion euros to Chips businesses

The Germany government is preparing to invest billions of euros in the semiconductor industry in the country two months after the “Intel Corp” business postponed plans to build a 30 billion ($ 32 billion) paper factory in Magdburg. Anika Einhorn, a spokesman for the German Ministry of Economics, said in a statement on Thursday that the new funds will be provided to the Chips companies to develop “modern production capabilities that greatly exceed the current situation of technology.” According to two people, the total number of subsidies is expected to reach about two billion euros, an official event on financing plans this week, and they have asked not to disclose their identity because the discussions were not public. A spokesman for the ministry indicated that the amount would be one -sided, but in the billion category, in response to an investigation of “Bloomberg News”, which refuses to provide more details. Earlier this month, the Ministry of Economics published an invitation to the Chips businesses to apply for new benefits, although the final numbers are still in constant change. A state of uncertainty that the new German government should be elected in February, and is likely to plan for its own budget, which is the chips currently applying for subsidies, in a state of uncertainty. Governments around the world are investing public funds in the disc industry as part of the efforts to resolve the production of components that control everything from advanced artificial intelligence to daily instruments. This payment comes after the offer is interrupted in the Corona era, and with the increase in tension between the United States and China over Taiwan, the tension that can impede one of the most important technology resources. The European Chips Act, which was approved in 2023, aims to strengthen the ecosystem of semiconductors in the mass, and to double its market share to 20% of the global production capacity by 2030. Intel’s Chips Factory was 30 billion euros in Magdburg in its way to support the largest project by the European Union, with 10 billion euros in the form of European Union US company has postponed its plans. Wolfspeed Inc. and ZF Friedrichshafen AG with a planned Chips project in West Germany. The first rounds of German slides were granted for ‘Intel’ in terms of the European Chips Act, and a joint venture between ‘Taiwan Simicicons Manovakchurring’ (TSMC) and ‘Infineon’ in Dresden. The German Ministry of Economics wants to use the proposed funds to support 10 projects to 15 projects over a variety of fields, including raw chips and collection of fine chips. “The projects funded must contribute to the creation of a strong and sustainable E -electronic system in Germany and Europe,” Einhorn said.