5 billion dollars from the climate and transformation fund? Glad to see we’re really committed to using this money here to combat climate change by building semi conductor factories.
The greens have been an absolute joke in coalition. First Lüzerath and now siphoning funds from a climate fund to build parts for car production.
Funny that not only conservatives and the right but also the left is blaming the Greens for everything. The KTF is used only because our finance minister is blocking spending money from other sources, same thing happened with Intel in Magdeburg. So if the economy ministry wants to support these companies, this is their only option.
Everyone is dissatisfied with the greens but it’s everyone but the greens fault somehow. What’s the point of having them in coalition when this type of shit keeps happening despite them?
They could have blocked the destruction of a 250 year old forest in Hesse and they didn’t. They sat on the sidelines while cops kicked the shit out of climate protesters in Lüzerath. They’re a fucking joke. If the FDP finance minister wants to reject building chips for cars, then let him? Don’t let them use the KTF as a fucking slush fund.
Well, so better no progress at all? Don’t get me wrong, I am also discontent with the Greens , but between an actively sabotaging FDP and a SPD which seems to move to the spot the Union is leaving for the right: What are the options? Sit down, arms crossed and stare at each other? The Greens are at least trying to do something.
Well, one could argue local production reduces transportation, so that counts for something… right?
Some genius will figure out that it’s 0.00000001€ cheaper to ship the dies to China for packaging.
This is the best summary I could come up with:
It has been in talks with the German state of Saxony, where Dresden is located, since 2021 about building a fabrication plant, or “fab.”
"With this TSMC investment, another global player in the semiconductor sector is coming to Germany.
This shows that Germany is an attractive and competitive location," German Economy Minister Robert Habeck said in a statement.
The chip giant said in its statement on Tuesday that it approved a capital injection of not more than $4.5 billion for that plant as part of the overall investment.
According to the business daily Handelsblatt, Germany has agreed to pitch in with 5 billion from the government’s climate and transformation fund for the construction.
The EU has already approved a €43 billion subsidy plan to double its chipmaking capacity by 2030.
I’m a bot and I’m open source!
Looks like UNO reverse card and only took 30-35 years
If they can’t get one staffed in Arizona, they are going to have a hell of a time doing it in Germany. They have much better worker protections.
