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Europe Daily Bulletin No. 13466

23 August 2024
Contents Publication in full By article 14 / 24
ECONOMY - FINANCE - BUSINESS / State aid
Germany authorised to pay ESMC €5 billion for new semiconductor production facility
Brussels, 22/08/2024 (Agence Europe)

On Tuesday 20 August, the European Commission authorised German aid worth €5 billion to help the European Semiconductor Manufacturing Company (ESMC) build and operate a microchip manufacturing plant in Dresden.

ESMC is a joint undertaking between Taiwan’s Taiwan Semiconductor Manufacturing Company (TSMC), Bosch, Infineon and NXP.

The measure will strengthen Europe’s security of supply, resilience and digital sovereignty in semiconductor technologies, in line with the objectives set...

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