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EU approves over $750M in German aid for 4 chip plants
ICT
- 14 July, 2026
- 15:06
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The European Commission on Tuesday approved €659 million ($751 million) in German state aid to support four first-of-a-kind semiconductor facilities in Germany, saying the projects will strengthen the EU's position and autonomy, Report informs via Reuters.
"Today's approval of Germany's support for four new projects in the semiconductor value chain shows Europe is turning the ambitions of the EU Chips Act into action," said Executive Vice-President Teresa Ribera.
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