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German Government Plans About €2 Billion in New Chip Subsidies

The German government is preparing billions of euros of new investments into the nation’s semiconductor industry, two months after Intel Corp. shelved plans to build a €30 billion ($32 billion) chip factory in Magdeburg.The new funds will be provided to chip companies to develop “modern production capacities that significantly exceed the current state of the art,” Annika Einhorn, a spokesperson from the German economic ministry, said in a statement on Thursday....

Read more at bloomberg.com

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