Electronics Production | March 27, 2007
Dresden seeks EU support for AMD plant
If the city of Dresden, in Germany doesn't receive greater funding from EU, the city could lose out to high-tech clusters in Asia or the U.S. on opportunities to attract new chip plants.
Eastern Germany states could until 2002 apply for funds to subsidize high-tech investments up to 35%, This figure is at the moment at 11.4%. The German politician Milbradt is interested in convincing AMD to build a planned new chip factory in Dresden. However the New York state has offered the company more than $1 billion in subsidies to build the new chip factory in the U.S.
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