On Friday 21 November, the European Commission approved Czech aid worth €450 million to support US chipmaker Onsemi in setting up a novel integrated chip manufacturing plant for Silicon Carbide (‘SiC') power devices in Rožnov pod Radhoštěm (Czech Republic).
This measure will help to increase the European Union’s technological autonomy in semiconductor technologies (see EUROPE B13743A3).
The aid will take the form of a direct grant of around €450 million to Onsemi to support an...