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Austria Secures EU Approval for First European Chips Act Project
The European Commission has granted funding for a state-of-the-art semiconductor production facility by Austrian manufacturer ams OSRAM AG in Premstätten, Styria. With a total investment of €567 million, including up to €227 million in government support, the project aims to enhance Europe’s technological resilience and supply chain security.
austria Has Recieved Approval to Strenghten its Semiconductor Industry. / Picture: © Flickr / tec_estromberg / (CC BY-SA 2.0)
Austria has received approval from the European Commission for its first project under the European Chips Act, marking a significant step in strengthening the country’s position in the semiconductor industry. The project, led by Austrian semiconductor manufacturer ams OSRAM AG, involves the construction of an advanced semiconductor production facility in Premstätten, Styria. The…
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