Overview

• The German government plans to invest approximately €2 billion in subsidies to support 10 to 15 semiconductor projects focused on advanced technologies.
• This initiative follows setbacks, including the suspension of large-scale chip factory plans by Intel and Wolfspeed earlier this year.
• The funding is part of the European Chips Act, which aims to double Europe's global chip market share to 20% by 2030.
• Eligible projects must exceed current European technological standards and contribute to a sustainable microelectronics ecosystem.
• Applications for the subsidies are open until January 10, 2025, with the funds expected to address growing global demand for chips driven by AI and supply chain challenges.