EU approves 920 million euro German aid for Infineon chips plant


FILE PHOTO: The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters in Villach, Austria, June 3, 2018. REUTERS/Lisi Niesner/File Photo

BRUSSELS (Reuters) - 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.

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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