EU approves 920 million euro German aid for Infineon chips plant

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BRUSSELS : The European Commission approved a 920 million euro German state aid to Infineon for the construction of a new semiconductor manufacturing plant in Dresden, it said in a statement on Thursday.

FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018.

The measure will allow Infineon to complete the MEGAFAB-DD project which will be able to produce a wide range of different types of chips, the Commission added.

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Category: EconomyBusiness

Markets: SingaporeAustria

Topics: Infineon Experience Logo Seen Photo: File Manufacturer Austrian Semiconductor Mediacorp Commission

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Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-20 @ 16:42:41 (2 days ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

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News ID: 26289104

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