Germany Selects Microelectronics Projects for Special Funding
The German Ministry for Economic Affairs and Climate Action has picked 32 business endeavors, with an investment volume of more than EUR 10 billion, to take part in the EU-wide IPCEI (Important Project of Common European Interest) for microelectronics and communications technology. Some 90 businesses from 20 EU countries will be participating.
“The global supply shortages show that Germany and Europe have no time to lose,” said Minister Robert Habeck in a statement. “We have to work together to cover our own microelectronics needs and bring more production back to Germany and Europe. To that end, we’re allocating billions in support. We want to strengthen microchip production in Germany and Europe and become less dependent on international supply chains.”
The projects in question range from the supply of materials to chip design to semiconductor production and integration into existing components and systems. The companies to be supported include not only heavyweights in the sector but also SMEs and start-ups. The projects will use energy-efficient climate-friendly technologies, Habeck added.