Bloomberg News: Germany readies US$22b aid to bolster chip production

Business & Finance
24 Jul 2023 • 9:30 PM MYT
Malay Mail
Malay Mail

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BERLIN, July 24 — Germany plans to dole out €20 billion (RM100 billion) to bolster semiconductor manufacturing in the country, Bloomberg News reported today.

The money will be distributed to German and international companies by 2027 and will be drawn from the Climate and Transformation Fund, the report said, citing people involved in the negotiations. — Reuters

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