The European Commission has approved €623 million in German State aid to support the set-up of two new semiconductor manufacturing facilities in Dresden and Erfurt. The aid consists of a €495 million measure for GlobalFoundries and a €128 million measure for X-FAB. The measures will contribute to increasing the EU’s autonomy and technological leadership in semiconductor technologies by supporting the construction of first-of-a-kind semiconductor facilities, in line with the objectives set out in the European Chips Act Communication and the Commission’s 2024-2029 Political Guidelines.
https://ec.europa.eu/commission/presscorner/detail/en/ip_25_3020