Germany to Spend €3 Billion Earmarked for Chip Industry on Roads
A danger spot of a road, marked with colored stripes, in Brandenburg, Perleberg.Photographer: Jens Kalaene/picture alliance/Getty ImagesThe German government is scaling back financial aid for its semiconductor industry, cutting planned subsidies by €3 billion ($3.5 billion) over the next few years as it seeks to overhaul aging infrastructure.The money will be spent instead to repair streets and bridges, German Vice Chancellor Lars Klingbeil said during a press conference Thursday. Germany’s prev...
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