A German budget crisis threatened the federal funding of Intel's, TSMC's, and Wolfspeed's fabs as well as multiple other high-tech projects in the country. But as the year comes to an end, the coalition came to an agreement to fund building up these important facilities and this week the government formally announced that investments have been secured.
"The agreement of the 'traffic light coalition' is good for East Germany," said Michael Kellner, Parliamentary State Secretary at the Federal Ministry of Economics, reports Zeit Online (via ComputerBase). "The investments for the transformation projects are secured. With these funds, we secure our future economic power. This benefits our entire country, people like the middle class."
