Comment by TheChaplain
4 hours ago
Funny that the article didn't mention it.
Infineon got €1bn of tax payer money to open the plant (~$1.1bn).
4 hours ago
Funny that the article didn't mention it.
Infineon got €1bn of tax payer money to open the plant (~$1.1bn).
The article says:
> The facility was backed by the EU's Chips Act with one billion euros in subsidies
There are worse ways to spend tax payers money.
Let's see the state of this project in 5 years. Experience tends to show European projects dragging forever and then suddenly closing whilst funds mysteriously move into semi public companies with boards full to the brim with retired political figures
Still better odds of success than if that money was used to pay welfare for unskilled migrants instead.
Yeah, most europeans are not aware how much do we spend on agriculture, pensions and healthcare.