Dresden to become semiconductor powerhouse: EU approves massive €5bn funding

Dresden to become semiconductor powerhouse: EU approves massive €5bn funding

The European Commission has endorsed a €5 billion state aid measure for the European Semiconductor Manufacturing Company (ESMC), facilitating the establishment of a major semiconductor manufacturing plant in Dresden, Germany. This significant investment marks a pivotal step in strengthening Europe’s semiconductor production capabilities and aligns with the strategic objectives of the European Chips Act. The […]