EU approves €659 million in German aid for four chip plants

July 14, 2026 5:46 AM EDT

FILE PHOTO: European Union flags fly outside the EU Commission headquarters in Brussels, Belgium September 19, 2019. REUTERS/Yves Herman/File Photo

BERLIN, ‌July 14 (Reuters) - ​The ​European Commission on ‌Tuesday approved €659 million ($751 million) ⁠in German ‌state aid to ‌support four first-of-a-kind semiconductor facilities in ​Germany, saying the projects ⁠will strengthen the EU's ​position and autonomy.

"Today's approval of Germany's ​support for ‌four new projects in ⁠the semiconductor value chain shows ⁠Europe is turning the ​ambitions of the EU Chips Act into ‌action," said Executive Vice-President Teresa ‌Ribera.

($1 = ⁠0.8770 euros)

(Reporting ‌by Kirsti ​Knolle; editing by Matthias ‌Williams)



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