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GlobalFoundries, X-FAB can get German state aid for chips factories, EU says

( December 11, 2025, 11:01 GMT | Official Statement) -- MLex Summary: Germany has secured EU state aid approval to provide €623 million funding to support GlobalFoundries and X-FAB plans for setting up two new semiconductor manufacturing facilities in Dresden and Erfurt, the European Commission said. The projects will contribute to strengthening the EU's push for greater autonomy and development of semiconductor technologies, it said in a statement on Thursday.Statement follows. ...

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