German firms to receive 4 billion euros through EU microelectronics push


A view of a chip on an electronic device at a shop in Brussels Belgium February 8 2022. REUTERSYves Herman

A view of a chip on an electronic device at a shop in Brussels, Belgium, February 8, 2022. REUTERS/Yves Herman

BERLIN (Reuters) -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.

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