Feeds

EC green lights Infineon state aid

Portuguese hand-out

  • alert
  • submit to reddit

Build a business case: developing custom apps

The European Commission has allowed the Portuguese government to provide Infineon with a €71.96m ($88.71m) grant to fund the foundation of a memory chip fab.

The grant amounts to 32 per cent of the cost of a project to expand production at its Vila do Conde (Grande Porto) facility.

EC investigators had to examine the deal because it exceeds €50m ($61.64m). State aid packages above that figure have to reported to the EC and checked for potential anti-competitive aspects.

This time round, the EC approved the full amount, which exactly matches the 32 per cent limit on such aid.

In March, however, the EC approved just €41.5m ($51.16m) of a proposed €76.8m ($94.67m) grant to be offered by the Portuguese government to fund a separate project at Infineon's facility at Vila do Conde. The EC began its investigation into the first grant in July 2003. ®

Related stories

EC approves Infineon state aid package
EC launches Infineon state aid probe
Chip biz breaks quarterly fab spend record
Infineon hires CEO from tyre maker
EC to fund Euro 45nm process with €24m grant

The essential guide to IT transformation

More from The Register

next story
True fact: 1 in 4 Brits are now TERRORISTS
YouGov poll reveals terrible truth about the enemy within
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Primetime precrime? Minority Report TV series 'being developed'
I have to know. I have to find out what happened to my life
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?