Germany is venturing into significant investments with a new budget of around 2 billion euros aimed at reinforcing its chip industry amidst ongoing global shortages.
The focus on the chip industry comes as Germany's economy minister acknowledges the need for building a sustainable sector, particularly as the auto industry faces critical challenges.
Despite a large commitment of nearly 10 billion euros to attract Intel's plant in Magdeburg, uncertainties loom over the sector's future due to changing political landscapes.
New subsidies allow chip companies to bolster their efforts, indicating Germany's steadfast approach to securing a robust position in the global chip supply chain.
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