Has the German government’s strategy of using subsidized large-scale projects such as chip or battery factories to drive forward the transformation of local industry failed?
I can’t say whether the strategy has failed. But of course politicians should now look at the reasons for the rejections. The projects are different. Chip manufacturers are deciding against projects because they are worried about the global chip economy. I see these rejections as a stroke of luck. It gives us the opportunity to rethink our strategy. However, not all major projects are bad. I would even consider projects that could end the dangerous dependence on China for antibiotics, for example, to be necessary. As a rule, however, state money can be put to better use than subsidizing factories.