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After Chips Act 2.0 - EU approves €76m in state aid for chip testing firm

Germany backs quantum sensing firm's new factory as EU admits chip industry "remains dependent" on third countries.

After Chips Act 2.0 - EU approves €76m in state aid for chip testing firm
European Commission President Ursula von der Leyen visited QuantumDiamonds in 2024. Image credit: QuantumDiamonds

Weeks after launching the Chips Act 2.0, the EU is putting its money where its mouth is — or at least letting Germany do so — by approving a €76 million ($86 million) cash injection for a chip testing company.

The European Commission approved the German government’s direct grant for QuantumDiamonds on June 23, as part of measures to boost Europe’s domestic “semiconductor value chain."

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