EU approves €659M in German aid for four chip plants

The European Commission approved €659 ‌million ($751 million) in German state aid ​to support ​four first-of-a-kind semiconductor facilities ⁠in Germany, ​saying the projects ​will strengthen the EU’s position and autonomy.

“Today’s ​approval of ​Germany’s support for four new ‌projects ⁠in the semiconductor value chain shows Europe ​is ​turning ⁠the ambitions of the EU ​Chips Act ​into ⁠action,” said Executive Vice-President Teresa ⁠Ribera. Reuters