Germany plans to invest €20 Billion in semiconductor industry
Germany plans to invest €20 billion in the semiconductor industry to address supply chain fragility and reduce dependence on South Korea and Taiwan for chips.
Germany aims to attract global chipmakers by offering subsidies under the EU Chips Act, with Intel already planning to spend over €30 billion on chip-making plants in Magdeburg.
Taiwanese semiconductor manufacturer TSMC has also expressed interest in investing in a semiconductor production facility in Germany. The funds will be drawn from the Climate and Transformation Fund and are subject to approval from the European Commission.
In a later comment, the US semiconductor manufacturing company GlobalFoundries has criticized Berlin’s subsidies to TSMC, claiming they will distort competition.
About author
DW Team
The GIP Digital Watch Observatory team, consisting of over 30 digital policy experts from around the world, excels in the fields of research and analysis on digital policy issues. The team is backed by the creative prowess of Creative Lab Diplo and the technical expertise of the Diplo tech team.
