STATE AID: COMMISSION APPROVES €146.5 MILLION AUSTRIAN SUPPORT IN FAVOUR OF COMPANIES JOINING RESEARCH AND INNOVATION PROJECT IN MICROELECTRONICS

 The European Commission has approved, under EU State aid rules, €146.5 million in Austrian support   in favour of three companies joining the existing Important Project of Common European Interest   (‘IPCEI') in microelectronics approved by the Commission in 2018. The public funding is expected to   unlock an additional €530 million of private investments, i.e. more than three and a half times the public   support.

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