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EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden
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EU approves 5 bln euro German aid for ESMC semiconductor plant in Dresden
Aug 20, 2024 2:33 AM

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 ( TSM ), Bosch, Infineon

and NXP.

($1 = 0.9025 euros)

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