Germany Syphons €20b From Climate Pot To Fund Chip Fabs

Germany’s finance ministry is investing €20bn from its climate fund to bolster local production of semiconductors — critical components in everything from smartphones to fridges. The money will be doled out to a handful of chipmakers by 2027, Bloomberg reports.   The lion’s share of the subsidies will go to Intel’s planned megafab in Magdeburg, which will build advanced Angstrom-era chips.

Topics:  bloomberg    the   intel s   magdeburg   angstrom-era   american   german    another   taiwan s tsmc   the next web   €20b   climate   fund   chip   subsidies   

 

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