German firms to receive 4 bln euros through EU microelectronics push

Elmos Semiconductor SE

08/06/2023 13:30

BERLIN, June 8 (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. 

($1 = 0.9316 euros)

 (Reporting by Miranda Murray
Editing by Madeline Chambers)
 ((Miranda.Murray@thomsonreuters.com;))