The European Commission approves 659 million euros in German aid to support the construction of four semiconductor factories

```htmlGolden Ten Data reported on July 14 that the European Commission on Tuesday approved Germany to provide 659 million euros (approximately 751 million US dollars) in national aid to support the construction of four pioneering semiconductor facilities in Germany. The Commission stated that these projects will enhance Europe's competitiveness and strategic autonomy in the semiconductor sector. European Commission Executive Vice-President Teresa Ribera said: "Today's approval for Germany to support four new projects along the semiconductor value chain shows Europe is turning the ambitions of the EU Chips Act into concrete action."```