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EC okays Germany's $360M support for AMD

Posted: 23 Jul 2007 ?? ?Print Version ?Bookmark and Share

Keywords:Germany's support? AMD wafer fab? EC approval?

The European Commission (EC) has given a green light on about $360 million in aid from the German government to chipmaker Advanced Micro Devices Inc. (AMD), in support of the latter's wafer fab in Dresden, Germany.

German authorities intend to grant the aid to AMD for the conversion and extension of its existing microprocessor wafer fabs in Dresden. The Commission found that the support package, part of about $3 billion investment in Dresden by AMD, would not distort the market or provide one region with an unfair advantage over another region.

"I am pleased to approve aid for an important investment project in a high-tech sector, which will contribute to regional development and job creation in a disadvantaged region of Germany," said Competition Commissioner Neelie Kroes, in a statement.

The EC's assessment of regional aid to large investment projects focuses on the market power of the beneficiary and on the production capacity created by the investment on the European market. The commission found that relevant thresholds would not be exceeded. AMD's share of the relevant market is less than 25 percent, both before and after the planned investment. The EC also verified that the capacity increase generated by the projects would be below 5 percent of the apparent consumption of the product concerned in the European Economic Area.

- Peter Clarke
EE Times Europe

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