The European Investment Bank (EIB) announced on Thursday, 20 October that it is providing a €200M loan to Munich-based silicon wafer manufacturer and supplier Siltronic AG.
Siltronic says it will use the capital to research and develop the next generation of hyperpure silicon wafers and ingots, and upgrade silicon wafer production in Freiburg, Saxony.
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This EIB operation supports the only major silicon wafer supplier outside Asia, finances significant investments in the EU semiconductor value chain and strengthens the competitiveness of the EU semiconductor industry.
Silicon wafers are thin discs of semiconductor material used to make integrated circuits and other microelectronic devices. Without silicon wafers, everyday objects such as smartphones, computers, navigation systems and displays would be unimaginable.
Siltronic: What you need to know
Based out of Munich, Siltronic AG is a manufacturer of wafers made from hyperpure silicon, which is the basis of modern micro- and nano-technology.
Currently, Siltronic is the world’s fourth largest silicon wafer manufacturer with a global market share of approximately 13 percent, and the technology leader for hyperpure silicon wafers with production sites in Germany, Singapore and the United States.
Christoph von Plotho, CEO of Siltronic AG, says, “We are pleased to continue our research and development in Germany with the support of the EIB. This will strengthen our global market position for specialized silicon wafer products and expand our footprint in Europe. Will help expand.
EIB: What you need to know
The EIB is the long-term lending institution of the European Union owned by the member states of the European Union. It provides long-term loans for investments that support EU policy goals. Infrastructure, Innovation, Climate & Environment and SMEs are the top priority project funding areas of the Bank.
EIB Vice President Ambrose Fayol, who is responsible for EIB projects in Germany, says, “We are proud to be part of a project that achieves the highest level of technical proficiency for the European Union. We see Siltronic as a company of strategic importance to Europe. As the project will be implemented in Freiburg and Berghausen, it will secure jobs in Saxony and Bavaria. ,
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