X-Fab (XFAB) receives €127.4 million from the CHIPS Act for its MEMS foundry project Fab4M
X-Fab (XFAB) receives €127.4 million from the CHIPS Act for its MEMS foundry project Fab4Micro in Erfurt, seen as key to European technological sovereignty. Production planned for 2028, with expected tailwind from CHIPS Act 2.
“Today, $XFAB (1.23B MC) receives €127.4 million from CHIPS ACT for their MEMS Foundry. "The «Fab4Micro» in Erfurt is a key project for the technological sovereignty of Germany and Europe, explained Thuringia’s head of government." The production start is planned in 2028 (finanzen). With Europe's new CHIPS ACT 2 as a concurrent fundamental tailwind.”Original post：X / @aleabitoreddit ↗