Germany syphons €20B from climate pot to fund chip fabs

Germany’s finance ministry is investing €20bn from its climate fund to bolster local production of semiconductors — critical components in everything from smartphones to fridges. The money will be doled out to a handful of chipmakers by 2027, Bloomberg reports.   The lion’s share of the subsidies will go to Intel’s planned megafab in Magdeburg, which will build advanced Angstrom-era chips. After months of protracted negotiations, the American chip giant managed to squeeze €10bn from the German government to fund the plant, which will cost around €30bn in total.  Another €5bn in subsidies will go to Taiwan’s TSMC for the construction…

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