{"id":79748,"date":"2023-07-26T11:21:57","date_gmt":"2023-07-26T18:21:57","guid":{"rendered":"https:\/\/techreviewers.net\/germany-syphons-e20b-from-climate-pot-to-fund-chip-fabs\/"},"modified":"2023-07-26T11:21:57","modified_gmt":"2023-07-26T18:21:57","slug":"germany-syphons-e20b-from-climate-pot-to-fund-chip-fabs","status":"publish","type":"post","link":"https:\/\/techreviewers.net\/germany-syphons-e20b-from-climate-pot-to-fund-chip-fabs\/","title":{"rendered":"Germany syphons \u20ac20B from climate pot to fund chip fabs"},"content":{"rendered":"
<\/div>\n
\n

Germany\u2019s finance ministry is investing \u20ac20bn from its climate fund to bolster local production of semiconductors \u2014 critical components in everything from smartphones<\/a> to fridges. The money will be doled out to a handful of chipmakers by 2027, Bloomberg <\/span>reports<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

The lion\u2019s share of the subsidies will go to Intel\u2019s <\/span>planned megafab<\/span> in Magdeburg, which will build advanced Angstrom-era chips. After months of <\/span>protracted negotiations<\/span><\/a>, the American chip giant managed to squeeze \u20ac10bn from the German government to fund the plant, which will cost around \u20ac30bn in total.\u00a0<\/span><\/p>\n

Another \u20ac5bn in subsidies will go to Taiwan\u2019s TSMC for the construction of its proposed plant in Dresden, which will specialise in building microcontrollers used by automakers. Another \u20ac1bn or so will go to German chipmaker Infineon for <\/span>a <\/span>\u20ac5bn <\/span>chip factory<\/span><\/a>, also in Dresden \u2014 a region dubbed \u2018Silicon Saxony\u2019 for its density of microelectronics companies.<\/span><\/p>\n

German automotive supplier ZF Friedrichshafen AG and US-based chipmaker Wolfspeed are also expected to receive state funds to establish a<\/span> silicon carbide chip factory<\/span><\/a> near the French border in Saarland. The joint venture seeks subsidies covering roughly 25% of the costs, which equates to about \u20ac750m.<\/span><\/p>\n

\n
\n

<\/img><\/p>\n

\n

The <3 of EU tech<\/p>\n

The latest rumblings from the EU tech scene, a story from our wise ol’ founder Boris, and some questionable AI art. It’s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n

That leaves just over \u20ac3bn for future semiconductor projects in the country.<\/span><\/p>\n

In an interesting move, the money will be withdrawn from Germany\u2019s <\/span>Climate and Transformation Fund<\/span><\/a> \u2014 worth \u20ac177.5bn \u2014 which was originally set up to scale green technologies like EVs, green hydrogen, and heat pumps.\u00a0<\/span><\/p>\n

However, the country has since decided to widen the scope of the fund to include, among other things, chip fabs. According to Bloomberg, the decision was spurred by the ongoing war in Ukraine and <\/span>worsening trade relations between America and China<\/span><\/a> which threatens the supply chain.\u00a0\u00a0<\/span><\/p>\n

The syphoning of climate funds is a sign of just how far the country, and the EU more broadly, will go to bolster local production of semiconductors. <\/span>The <\/span>European Chips Act<\/span><\/a>, passed today, aims to increase the bloc\u2019s global market share of the chips from 10% to 20% by 2030. <\/span><\/p>\n<\/p><\/div>\n

\n

Published

Back to top<\/a> <\/div>\n","protected":false},"excerpt":{"rendered":"

Germany\u2019s finance ministry is investing \u20ac20bn from its climate fund to bolster local production of semiconductors \u2014 critical components in everything from smartphones to fridges. The money will be doled out to a handful of chipmakers by 2027, Bloomberg reports.\u00a0\u00a0 The lion\u2019s share of the subsidies will go to Intel\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":79749,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[2672,2668,2644],"tags":[2671,2667,2643],"_links":{"self":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts\/79748"}],"collection":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/comments?post=79748"}],"version-history":[{"count":0,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/posts\/79748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/media\/79749"}],"wp:attachment":[{"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/media?parent=79748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/categories?post=79748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techreviewers.net\/wp-json\/wp\/v2\/tags?post=79748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}