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AMD gets go-ahead for €262 million Dresden grant

Give us the money
By INQUIRER staff
Wednesday, 18 July 2007, 14:46
THE EUROPEAN COMMISSION said it's all right for Germany to lend AMD €262 million to help it brings its Dresden fab up to scratch.

While €262 million sounds like a lot of dosh, the price of the fab will be over €2.2 billion.

According to EC commissioner Neelie Kroes, it's an important investment which will help to create jobs in a part of Germany that could do with more revitalisation. µ

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