By Reuters | Updated: August 20, 2024
BRUSSELS, Aug 20 (Reuters) – The European Commission said on Tuesday that it had approved a 5 billion euro ($5.5 billion) German state aid measure to support a new microchip manufacturing plant in Dresden for the European Semiconductor Manufacturing Company (ESMC).
ESMC is a joint venture between Taiwan Semiconductor Manufacturing Company (2330.TW), Bosch (BOSH.NS), Infineon (IFXGn.DE), and NXP (NXPI.O).
($1 = 0.9025 euros)
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@ Thomson Reuters 2024
