GlobalFoundries, which has been in Germany for decades, has been expanding its capacity in Dresden. Chipmaker Infineon is also building its 5-billion-euro semiconductor plant in Dresden, due to start production in 2026.
The German subsidies will be drawn from the Climate and Transformation Fund from 2024 onwards, the ministry said, adding that it could only give funding for individual projects after European Commission approval.
@ Thomson
Reuters 2023