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Carlosoo
wrote a post05/06/2022 16:46
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Germany wants to attract chip makers with 14 bln euros state aid.

$Direxion Daily Semiconductor Bull 3x Shares ETF(SOXL.US)$ Germany's government wants to attract chip makers with 14 billion euros ($14.71 billion) in support, the lack of semiconductors used in everything from smartphones to cars was a massive problem.A global chip shortage and supply chain bottlenecks have created havoc for car makers, healthcare providers, telecoms operators and others.

$Intel(INTC.US)$ announced it had picked the German town of Magdeburg as the site for a huge new 17 billion euro chipmaking complex. Government sources said at the time the state was promoting the project with billions of euros of funds.
Germany wants to attract chip makers with 14 bln euros state aid.
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