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Germany to tap climate fund for €20bn to subsidise chip projects

July 25, 2023

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Intel is to get €10 billion – for its €20 billion two fab site at Magdeburg.

TSMC is to get €5 billion for a €10 billion fab in Dresden, yet to be agreed on.

Infineon is to get €1 billion for a €5 billion fab in Dresden.

ZF (Zahnradfabrik Friedrichshafen) Group and Wolfspeed are negotiating to get about €750 million for a €3 billion SiC chip plant in Saarland.

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