Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 23, the European Union is actively promoting the development of the semiconductor industry, attracting multinational chip manufacturers to set up factories and research institutions in Europe.

The European Union approved the European Chip Act in July this year, and member states have allocated budgets to attract factories in the form of subsidies.

Germany had promised $22 billion in incentives to chipmakers such as Intel and TSMC (CTOnews.com Note: about 157.52 billion yuan), but German media ComputerBase.de reported that Germany had shelved billions of dollars in subsidies because of money use problems.

Intel and TSMC had promised to invest billions of dollars in German factory projects, but without government subsidies, these costs would have to be borne by Intel and TSMC themselves, which would undoubtedly lead to a reduction in the size of the project. slow down construction, or find additional investors.

The report said that the German Federal Constitutional Court issued a ruling postponing the 2024 federal budget and considered the misappropriation of anti-epidemic budget funds for the "Climate and Transformation Fund" (Climate and Transformation Fund) in 2022 unconstitutional.

The ruling coalition, made up of the Social Democratic Party, the Green Party and the Liberal Democratic Party, delayed the final discussion and approval of the budget, causing the chip subsidy program to be delayed.

This means that the budget will not be submitted to the Bundestag for a vote next week (as planned) and is likely to not be signed by the federal president in time before the end of the year. Although the alliance aims to finalize the budget by the end of the year, it is not clear when the 2024 budget will be approved because of these complexities.

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