Have the article read by OpenAI (Beta). Please note that AI translations may take some time to process.Brussels (dpa) – The European Commission announced on Tuesday that it has approved German state aid for a new chip factory in the city Dresden located in the east of Germany.
The approval allows the German federal government to provide five billion euros of financial support for the new European Semiconductor Manufacturing Company (ESMC).
“The measure will strengthen Europe’s security of supply, resilience and digital sovereignty in semiconductor technologies,” the Commission said in a statement. “The measure will also contribute to achieving the digital and green transitions.”
The Commission said that it had considered the fact that the factory is the first of its kind in Europe. “ESMC will be the first open foundry that will produce silicon wafers with 28/22nm and 16/12nm technology nodes, using FinFET technology with logic, mixed-signal, radio frequency and embedded non-volatile memory technology processes,” the EU executive said.
“These specific technologies differentiate it from other existing capacity and complement the production capacities needed by European customers.”
The Commission said the state aid will have an “incentive effect” because “the beneficiary would not carry out this investment without public support.” (20 August)
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