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EU approves funding for chip factories in Erfurt and Dresden

Microchips are indispensable for many sectors of the economy. (Symbolic image) / Photo: Sebastian Kahnert/dpa
Microchips are indispensable for many sectors of the economy. (Symbolic image) / Photo: Sebastian Kahnert/dpa

Germany may support the construction of two chip factories with state aid amounting to 623 million euros. The EU Commission approved the plan for the projects in Dresden and Erfurt, as announced by the Brussels authority.

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