News Article
Wacker investment approved
The European Commission approved investment aid in favour of Wacker Siltronic for the construction of a new plant for the production of 300mm wafers in Freiberg, Saxony. The aid authorised covers 28% gross of eligible investment costs of EUR431.8mn. This investment project is expected create about 634 jobs directly with the firm and more than 223 additional jobs in the assisted region.
The European Commission approved investment aid in favour of Wacker Siltronic for the construction of a new plant for the production of 300mm wafers in Freiberg, Saxony. The aid authorised covers 28% gross of eligible investment costs of EUR431.8mn. This investment project is expected create about 634 jobs directly with the firm and more than 223 additional jobs in the assisted region.
The aid intensity of 28% gross will not lead to an undue distortion of competition since the relevant wafer market is not in decline, the EC ruled. Saxony in Germany is an assisted area where regional state aid of up to 35% can be granted under certain conditions.
The intended aid to Wacker was assessed under the rules of the 1998 Multisectoral Framework on regional aid for large investment projects (1998 MSF).