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Chip industry: German government to give billions

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Published: March 14th, 2022,
Last updated: December 21st, 2022

The traffic light coalition is prepared to massively increase government funding for the semiconductor industry. According to information from government circles, German Economics Minister Robert Habeck has announced a need for around €14 billion in the current budget negotiations. Chancellor Olaf Scholz supports this, and the German government will, therefore, probably include an amount of this magnitude in its budget planning.

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