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Over 30 microelectronics projects in Germany will receive EU funding

Over 30 microelectronics projects in Germany will receive about 4 billion euros ($4.29 billion) in funding after the European Commission approved a support scheme for such technologies, the German Economy Ministry said on Thursday.

“The 31 microelectronics projects from 11 federal states strengthen Germany as a microelectronics location across the board and are an important industrial policy milestone,” said Economy Minister Robert Habeck.

The money comes from a total of 8.1 billion euros ($8.7 billion) in state aid approved by the European Union’s executive, part of the bloc’s drive to be at the cutting edge of technological innovation.

A document provided by the German economy ministry showed Infineon, Elmos Semiconductor and Robert Bosch among the companies to receive funds.

Not on the list was Nexperia, a chip manufacturer whose production is based largely in Hamburg and is headquartered in the Netherlands, but which is Chinese-owned.

The company was removed from the list following a decision involving Habeck, who had concerns about the company’s Chinese connection, the Handelsblatt business daily reported on Thursday, citing government sources. Reuters

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