The money will be doled out to a handful of chipmakers by 2027, Bloombergreports.

The lions share of the subsidies will go to Intelsplanned megafabin Magdeburg, which will build advanced Angstrom-era chips.

The joint venture seeks subsidies covering roughly 25% of the costs, which equates to about 750m.

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That leaves just over 3bn for future semiconductor projects in the country.

Story bySion Geschwindt

Sion is a freelance science and technology reporter, specialising in climate and energy.

Siôn Geschwindt

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