EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden

BOSCH

20/08/2024 09:45

BRUSSELS, Aug 20 (Reuters) - The European Commission
said on Tuesday that it had approved a 5 billion euro ($5.5
billion) German state aid measure to support a new microchip
manufacturing plant in Dresden for the European Semiconductor
Manufacturing Company (ESMC).
    ESMC is a joint venture between Taiwan Semiconductor
Manufacturing Company  2330.TW , Bosch  BOSH.NS , Infineon
 IFXGn.DE  and NXP  NXPI.O .
    
    ($1 = 0.9025 euros)

 (Reporting by Sudip Kar-Gupta; Editing by Kirsten Donovan)
 ((sudip.kargupta@thomsonreuters.com;))