No money for Nexperia – because of Chinese owner

The German Federal Ministry for Economic Affairs and Climate Action denies the semiconductor manufacturer Nexperia a subsidy that benefits many of its competitors – apparently because the company is under Chinese ownership. Nexperia is the only company left out of a group the ministry deemed eligible for funding in late 2021. The EU Commission has granted approvals for all other projects at the request of Berlin, as was heard from the ministry. Regarding Nexperia, Germany’s Economy Minister Robert Habeck has apparently changed his mind.