The German economy might have experienced a stagnant phase in 2023, but this didn’t dissuade leading international corporations from initiating significant expansion endeavors in the largest economy of Europe. In August, the Taiwanese semiconductor manufacturer TSMC selected Dresden as the location for its extensive new semiconductor production facility in Europe, with an estimated value of around EUR 10 billion.

Intel invests in Germany: Over the next few years, two semiconductor factories that are unique in Europe are to be built in the capital of Saxony-Anhalt. Intel has reached an agreement with the German federal government on an extended scope for the mega-project. The investments in Magdeburg are to amount to more than 30 billion euros. The fabs are to produce ultra-modern wafers and use the most advanced technologies of the Intel Angstrom era in production.

Wolfspeed, Inc. (NYSE: WOLF), the global leader in Silicon Carbide technology and production, today announced plans to build a highly-automated, cutting-edge 200mm wafer fabrication facility in Saarland, Germany. The company’s first fab in Europe will be its most advanced, creating a breakthrough innovation Silicon Carbide development and production facility in the European Union to support growing demand for a wide variety of automotive, industrial and energy applications. The Wolfspeed facility is planned as part of a collaboration within the IPCEI for Microelectronics and Communication Technologies framework, and is dependent upon state aid approval from the European Commission. IPCEI funding is intended to support technology development and initial deployment within this project. ZF Friedrichshafen also intends to support the new construction by making a sizable financial investment as part of a new strategic partnership announced separately.

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