India, July 28 -- European Commission has approved €659 million in German State aid to support the establishment of four first-of-a-kind facilities in the semiconductor value chain.

The measures will contribute to strengthening the EU's position and autonomy in the semiconductor value chain by supporting the construction of first-of-a-kind facilities, in line with the objectives set out in the Commission's Communication 'A Chips Act for Europe' and the Commission's 2024-2029 Political Guidelines.

Germany will provide the following direct grants for the construction of semiconductor facilities:

All four measures are jointly financed by the federal budget and the respective Lander authorities.

Aid to Element 3-5

Element 3-5's SiC...