The German government plans to build three new semiconductor manufacturing plants in the country as part of a new framework program for technological development.
According to Reuters, this initiative is expected to provide a strong boost to research in the field of artificial intelligence in Europe.
"We aim to make Germany the number one destination for semiconductor manufacturing in Europe," states the official document.
According to it, the first plant, owned by the U.S. company Wolfspeed, will begin construction in Saarland in the fall of 2025.
The second plant is already being built in Dresden through a collaboration between Taiwan's TSMC and Germany's Bosch and Infineon. No official information has been released yet about the third plant.
The document also notes that by 2030, Germany aims for 10% of its gross domestic product to be based on artificial intelligence.
Experts estimate that artificial intelligence could generate an additional €300–400 billion in value annually.
