Industry News

Germany plans to spend 14 billion euros to attract more chipmakers

Views : 160
Update time : 2022-05-07 17:16:10
       On May 6, German Economy Minister Robert Habeck said on Thursday that the German government hopes to use 14 billion euros (about 14.71 billion U.S. dollars) of funds to attract more chip manufacturers to invest in chip manufacturing locally. 
        Global chip shortages and supply chain issues are taking a toll on automakers, healthcare providers, telecom operators, and more. Harbeck added that the lack of chips in everything from smartphones to cars is a big problem these days. "It's a lot of money," Habeck said of the investment.
        As demand for chips surged, the European Commission in February drew up plans to encourage chip anufacturing projects in the EU and proposed new legislation to ease state aid rules for chip factories. In March of this year, the US chip maker Intel announced that it had chosen to invest 17 billion euros in the construction of a chip manufacturing base in the town of Magdeburg, Germany. At the time, the German government spent billions of euros to promote the project, the sources said. Although German companies will still rely on companies elsewhere for components such as batteries, there will be more examples like Intel's investment in the town of Magdeburg, Habeck said. "We have to develop our own strategy to secure the supply of raw materials," he said.
Related News
Read More >>
LDK220 LDO Voltage Regulators Specifications, Features, Pinout, and Applications LDK220 LDO Voltage Regulators Specifications, Features, Pinout, and Applications
Feb .02.2026
The LDK220 series of low-dropout linear regulators (LDOs) is a high-performance device designed specifically for low-power consumption and high-precision voltage regulation, widely used in scenarios such as consumer electronics, industrial control, and po
Xilinx Spartan®-7 FPGA Family: A High-Performance and Energy-Efficient Solution for Mid-Range FPGAs Xilinx Spartan®-7 FPGA Family: A High-Performance and Energy-Efficient Solution for Mid-Range FPGAs
Jan .20.2026
Xilinx Spartan®-7 FPGA Family stands as a defining solution in the mid-range FPGA landscape, blending high performance, energy efficiency, and cost-effectiveness to redefine versatility for industrial, IoT, and consumer electronics applications. Built on
Altera FLEX Series: Architecture, Innovation, and Application Across Four Generations Altera FLEX Series: Architecture, Innovation, and Application Across Four Generations
Jan .07.2026
The Altera FLEX series was more than a lineup of FPGAs—it was a blueprint for how programmable logic devices could evolve to meet diverse market needs. The FLEX 8000 laid the architectural groundwork, the FLEX 10K redefined functionality with embedded mem
LM4765 vs. LM4766: A Comprehensive Comparison of Dual-Channel Audio Power Amplifiers LM4765 vs. LM4766: A Comprehensive Comparison of Dual-Channel Audio Power Amplifiers
Dec .16.2025
Among TI standout offerings, the LM4765 and LM4766 are dual-channel amplifiers designed to cater to diverse audio needs—from compact setups to high-fidelity systems. While sharing the same product lineage, these chips differ significantly in power output,