EU approves $960 million in German aid for Infineon chips plant
BRUSSELS — The European Commission said Thursday it had approved 920 million-euro of German state aid, or $960 million, to Infineon Technologies for the construction of a new semiconductor manufacturing plant in Dresden. The measure will allow Infineon to complete the MEGAFAB-DD project, which will be able to produce a wide range of different types of computer chips, the Commission said. Chipmakers across the globe are pouring billions of dollars into new plants, as they take advantage of generous subsidies from the United States and the EU to keep the West ahead of China in developing cutting-edge semiconductor technology. The Europeanmore
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