After Chips Act 2.0 - EU approves €76m in state aid for chip testing firm
Germany backs quantum sensing firm's new factory as EU admits chip industry "remains dependent" on third countries.
- 2 min read
Weeks after launching the Chips Act 2.0, the EU is putting its money where its mouth is, or at least letting Germany do so, by approving a €76 million ($86 million) cash injection for a chip testing company.
The European Commission approved the German government’s direct grant for QuantumDiamonds on June 23, as part of measures to boost Europe’s domestic “semiconductor value chain”.
Get the full story: Subscribe for free
Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events.