Editorial & Advertiser disclosure

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > EU approves 920 million euro German aid for Infineon chips plant

Finance

EU approves 920 million euro German aid for Infineon chips plant

Published by Global Banking and Finance Review

Posted on February 20, 2025

Featured image for article about Finance

BRUSSELS (Reuters) - The European Commission approved a 920 million euro German state aid to Infineon for the construction of a new semiconductor manufacturing plant in Dresden, it said in a statement on Thursday.

The measure will allow Infineon to complete the MEGAFAB-DD project which will be able to produce a wide range of different types of chips, the Commission added.

(Reporting by GV De Clercq, Editing by Charlotte Van Campenhout)

More from Finance

Explore more articles in the Finance category

VW management to continue cost cutting

Parliament of Swiss canton Fribourg votes to ban mobile phones at school

Italy economy minister denies interfering in MPS's bid for Mediobanca

Eni and BlackRock's GIP take joint control of carbon capture unit

Bank of England's Bailey sees inflation near 2% target by May

Italian judge drops Genoa dam case against Webuild CEO

ECB's Lagarde 'fully confident' EU will agree reparation loan plan for Ukraine

ECB keeps rates unchanged, turns more positive on economy

Austria's top court rules Meta's ad model illegal, orders overhaul of user data practices in EU

Salzgitter takes legal action against Thyssenkrupp over HKM joint venture

Lovable valued at $6.6 billion in latest funding round as AI coding demand surges

Israel, Germany sign $3.1 billion contract expansion for Arrow air defence system

View All Finance Posts