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Spain gains European approval for €81m subsidy for Diamond Foundry Europe’s new fab
What happened
Spain has secured EU approval for an €81 million direct grant to support Diamond Foundry Europe's €675 million investment in a new factory for producing semiconductor-grade synthetic diamonds. The facility, located in a designated aid region, aims to increase the supply of a critical material used in high-power and high-frequency chips. Bearish: This capacity expansion for a key semiconductor material increases future supply, potentially easing long-term constraints and putting downward pressure on prices for synthetic diamond substrates.
Impact and signal
Medium impactImpact score: 58/100
Affected components and suppliers
Synthetic Diamond Substrates
Diamond Foundry Europe
capacity-expansionsubsidysemiconductor-materials
Source and time
Source: Semiconductor Today · 12/17/2024 · View original source
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