The subsidies for TSMC, Intel and Wolfspeed are right and important. But they are not enough. Wherever jobs are created, the infrastructure must also be right – otherwise the billions will fizzle out.
Subsidies are not only granted in order to achieve something directly. That too, but the ulterior motives are often more important. With the good 15 billion euros that Germany now wants to make available for the settlement of chip manufacturers in Saxony-Anhalt (Intel), Saxony (TSMC) and Saarland (Wolfspeed), politics is about three things.