Chip Companies Flood Germany With €6 Billion in Subsidy Requests
Technicians perform production control tasks in a cleanroom at a semiconductor fabrication plant in Dresden, Germany.
Photographer: Liesa Johannssen/BloombergThis article is for subscribers only.
Companies in the chipmaking industry are asking for three times the available subsidies from Germany’s latest funding program, setting up one of the first challenges for the country’s next government.
Companies applied for a total €6 billion ($6.5 billion) in subsidies under a call issued by Germany’s outgoing political leadership in November, two people familiar with the matter said, asking to not be identified since the number is not public. Currently only €2 billion is available, Bloomberg reported.