3 ms·

5 Billion Euros of public money out of a total of 10 Billion invested. So it is more like "the German state builds a fab, with TSMC and others also investing a

by r0b1n 3y ago

5 Billion Euros of public money out of a total of 10 Billion invested. So it is more like "the German state builds a fab, with TSMC and others also investing a little".

trompetenaccoun 3y ago
>The planned joint venture will be 70% owned by TSMC, with Bosch, Infineon, and NXP each holding 10% equity stake, subject to regulatory approvals and other conditions. I wonder what them "providing" 5 billions as news reports put it actually means. Is this a loan, a gift, or some other type of deal?
- rasz 3y ago
  Gift. Here is how it worked in Wales: https://www.youtube.com/watch?v=hijJ_4H08RM https://www.youtube.com/watch?v=hijJ_4H08RM
  - Lionga 3y ago
    You have to subtract 10% or so in kickbacks that will later flow back to the politicians handing out the money