The EU Commission approves a €146.5 million Austrian State aid scheme to support companies joining a research and innovation project in microelectronics

State aid: Commission approves €146.5 million Austrian support in favour of companies joining research and innovation project in microelectronics* The European Commission has approved, under EU State aid rules, €146.5 million in Austrian support in favour of three companies joining the existing Important Project of Common European Interest (‘IPCEI') in microelectronics approved by the Commission in 2018. The public funding is expected to unlock an additional €530 million of private investments, i.e. more than three and a half times the public support. Executive Vice-President Margrethe Vestager, in charge of competition policy, said: “To deliver on the digital and green transition, we will need highly innovative and sustainable microchips and sensors for many products in our economy,

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European Commission, The EU Commission approves a €146.5 million Austrian State aid scheme to support companies joining a research and innovation project in microelectronics, 23 March 2021, e-Competitions February 2021, Art. N° 99835

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