German firms to receive 4 billion euros through EU microelectronics push

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German firms to receive 4 billion euros through EU microelectronics push
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BERLIN :Over 30 microelectronics projects in Germany will receive about 4 billion euros ($4.29 billion) in funding after the European Commission approved a support scheme for such technologies, the German Economy Ministry said on Thursday. 'The 31 microelectronics projects from 11 federal states strengthen Ge

BERLIN :Over 30 microelectronics projects in Germany will receive about 4 billion euros in funding after the European Commission approved a support scheme for such technologies, the German Economy Ministry said on Thursday.

The money comes from a total of 8.1 billion euros in state aid approved by the European Union's executive, part of the bloc's drive to be at the cutting edge of technological innovation.

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