Germany resolves budget impasse, promises to maintain original subsidies for TSMC and Intel to build factories

According to news from this site on December 15, the German government announced an agreement after more than a month of negotiations, and subsidies to TSMC and Intel fabs will remain unchanged.

The German Federal Constitutional Court declared on November 15 that the federal government's diversion of the emergency budget for the COVID-19 epidemic into the "Climate and Transformation Fund" violated the constitution

The "Climate and Transformation Fund" includes subsidies for companies such as TSMC and Intel. This site has previously reported that billions of dollars in subsidies have been shelved due to budget disputes.

After a month of intense negotiations, Germany's three major ruling parties reached an agreement before the Christmas holidays, successfully ending the budget deadlock. According to Michael Kellner, Parliamentary State Secretary of the Federal Ministry of Economic Affairs, confirmed on December 13 that subsidies for the construction of TSMC and Intel wafer fabs will remain unchanged

Taiwan semiconductor manufacturer TSMC plans It will establish its first European production base in Dresden, the capital of Saxony, Germany, with a planned investment of more than 10 billion euros (approximately 77.6 billion yuan). The German government has promised to provide 5 billion euros (approximately 39.05 billion yuan). subsidy. At the same time, Intel plans to invest 30 billion euros (approximately 234.3 billion yuan) in Magdeburg and is expected to receive 9.9 billion euros (approximately 77.319 billion yuan) in subsidies

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