#52026AS118843EU approval of German state aid for GlobalFoundries Dresden
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🇬🇧 English
Germany may provide a direct grant of about €495 million to GlobalFoundries Dresden Module Two for semiconductor manufacturing in Dresden. The European Commission reviewed the aid under EU state aid rules and raised no objections. The measure matters mainly for chip manufacturers, suppliers, investors, and regional development bodies. It supports electronic component production in Germany and signals public backing for semiconductor capacity in Dresden.
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Key Changes
- Approves a German direct grant of about €495 million for GlobalFoundries Dresden Module Two
- Confirms the Commission raised no objections under EU state aid rules
- Supports semiconductor and electronic component manufacturing in Dresden from 2026
Affected Parties
GlobalFoundries Dresden Module Two LLC & Co. KGSemiconductor and electronic component manufacturers+2 more…
Tags
state aid,semiconductors,Germany…