The state offers significant assistance to the chip manufacturer; full-scale production not before 2031.

Business sector - The state offers significant assistance to the chip manufacturer; full-scale production not before 2031.

In the semiconductor sector of Germany, the government is offering generous subsidies to another company. Black Semiconductor, based in Aachen, has recently received notice of a total grant amounting to EUR 228.7 million from the federal government and North Rhine-Westphalia's economic ministry. The majority of the funds, amounting to EUR 152.8 million, comes from the federal government while the state contributes EUR 75.9 million. To top it off, the company has also received EUR 25.7 million from investors.

The startup is working on an innovative technique to enhance data transmission from chips and make them more energy-efficient. The company uses carbon (graphene) instead of the more traditional silicon. Right now, the company is in its infancy, with plans to build a pilot plant by 2026 and commence mass production by 2031. At present, Black Semiconductor has approximately 30 employees, which is expected to grow to 120 in the next two years.

"The global market for the advancement of chips is highly competitive and extremely profitable," North Rhine-Westphalia's Economics Minister Mona Neubaur (Greens) stated in Düsseldorf on Wednesday. "We're thrilled to support Black Semiconductor in further developing and introducing this groundbreaking technology to the market."

Advanced chips are pivotal in harnessing the power of artificial intelligence, autonomous vehicles, and future technologies that are gaining significance. Germany aim to retain its economic competitiveness by supporting their semiconductor industry.

Read also:

1. The semiconductor industry, a key player in the digital age, is vital for the advancement of technologies such as artificial intelligence and autonomous vehicles in Germany.
2. During a press conference in Düsseldorf, North Rhine-Westphalia's Economics Minister Mona Neubaur highlighted the highly competitive and profitable global market for chip advancements.
3. With the support of generous subsidies from both the federal government and North Rhine-Westphalia, the car-focused region is eager to retain its economic competitiveness in the semiconductor sector.
4. The innovative semiconductor startup, Black Semiconductor, based in Aachen, is poised to make a significant impact in the telecommunications industry with its energy-efficient chip technology, which uses carbon (graphene).
5. Following the opening of a pilot plant in 2026, the company's mass production of these advanced chips is slated for 2031, with expectations to create 120 new jobs in North Rhine-Westphalia's industry.
6. As the demand for semiconductors continues to rise in sectors like automotive and telecommunications, regions such as North Rhine-Westphalia, with its rich manufacturing heritage, are poised to capitalize and lead the way in mass production in the digital age.

• Tough return to normality in snow and ice
• Steinmeier joined a moment of silence - a legal battle over an AfD protest.
• German national soccer team on their way to participate in the European Championship qualifying matches.
• The flooding has lessened, but the aftermath of mud remains.