Boost for semiconductor production in Austria

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The European Commission has approved Austria providing €146.5m (about US$170 million) in state aid for semiconductor technology to Infineon Technologies, NXP Semiconductor and AT&S.

www.eenewseurope.com, Apr. 05, 2021 – 

The Austrian subsidiaries of Infineon, NXP and AT&S have been allowed to join an existing Important Project of Common European Interest (IPCEI) in microelectronics approved by the Commission in 2018.

The public funding is expected to unlock and additional €530m ($620m) of additional investment from the companies.

Another IPCEI is under consideration (see Germany ready to help Europe invest 'billions' in chip manufacturing).

Executive vice-president of the European Commission Margrethe Vestager, in charge of competition policy, said: "The IPCEI's integration is very important for its success – we have approved additional support by Austria to three projects because they meet the high bar of adding significant value to the existing IPCEI, with important collaborations with the existing participants."

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