Nexperia left off subsidies list as Germany chips away at Chinese connection
Germany appears to have been the big winner from the EU's newly announced chip project, picking up about half of the public funding on offer. But one company not winning is chipmaker Nexperia, which has reportedly been refused subsidies by the German authorities because of its China connection.support the semiconductor supply chain
, involving 56 companies and 68 projects across the EU in the microelectronics and communication technology industries. Funding for this amounts to €8.1 billion coming from EU member states, with the expectation that an extra €13.7 billion will come from the private sector. However, Germany looks set to pick up about €4 billion of that €8.1 billion, according to the country's Federal Ministry for Economic Affairs and Climate Action, meaning that subsidies are likely to reinforce Germany's industrial dominance within the EU as much as provide the bloc with self-sufficiency in semiconductors.
It turns out that this could have been 32 projects, but the Ministry for Economic Affairs itself removed semiconductor manufacturer Nexperia from the list of companies to receive subsidies, according to a report published in German business paper
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