A global chip shortage and supply chain bottlenecks have
created havoc for car makers, healthcare providers, telecoms operators and
others.
"It's a lot of money," Habeck told a gathering of
family businesses in Hanover.
In February, the European Commission set out plans to
encourage chip manufacturing in the European Union due to a boom in demand,
with proposed new legislation to ease state aid rules for chip factories.
In March, U.S. chipmaker Intel Corp announced it had picked
the German town of Magdeburg as the site for a huge new 17 billion euro
chipmaking complex. Government sources said at the time the state was promoting
the project with billions of euros of funds.
Habeck said there would be further examples like Magdeburg
even though companies in Germany would remain dependent on producers elsewhere
for components like batteries.
"We must develop our own strategy to secure primary
materials," he said.
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