Summary
[Merkel: Germany will spend “huge expenditures” in the next few years to further aid the microchip industry]German Chancellor Angela Merkel said on Tuesday that once the new crown virus pandemic subsides, Germany will have to spend “huge amounts” of funds in the next few years. Help it deal with environmental and technical challenges. “Without state aid, it would be impossible for European microchip production to expand,” Merkel said. (Interface News)
Reuters reported on June 22 that the German ChancellorMerckEr said on Tuesday that once the new coronavirus pandemic subsides, Germany will have to spend “huge amounts” of funds in the next few years to help it deal with environmental and technological challenges.
According to the report,MerckIn a speech at the BDI Industry Alliance Conference, Er said that after the crisis, some industries may still need further assistance. In addition, she also specifically mentioned the field of microchips. “Without state aid, the production of microchips in Europe cannot be expanded,”MerckEr said. She will not run for a fifth term in the September election, adding that public finances must return to normal in the next few years.
(Article Source: Interface News)
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