Release date: 23 January 2003
Promoter – Financial Intermediary
Three major players in the photomask, microprocessor and memory chip industry, who form a joint venture for applied research and development and a pilot production facility for advanced photomasks.Location
Description
This project comprises the green-field development of a new photomask R&D and a pilot production facility.
Objectives
Saxony is one of Germany’s Eastern Länder, which are covered by Objective 1 for allocations from the EU Structural Funds. The project will add to the positive network effects in making the Dresden region one of the most advanced semiconductor clusters in Europe and result directly and indirectly in the creation of several hundred new skilled jobs. EIB financing of the project is eligible under Article 267 points a) (regional development) and c) (international competitiveness of the European industry) of the EU Treaty. Furthermore, the project contributes to the innovation 2000 initiative (i2i) as formulated at the European Council meeting in Lisbon.
Comments
Manufacture of photomasks.
Sector(s)
Proposed EIB finance (Approximate amount)
EUR 195 million
Total cost (Approximate amount)
Approx. EUR 400 million
Environmental aspects
The project activity does not fall under the EU’s EIA Directive but is subject to national legislation. Moreover, the new manufacturing plant will be located in an existing industrial area, which is already qualified for meeting environmental regulations.
Procurement
Promoter’s procurement procedures will be in line with current practice in private industry.
Status
Signed - 30/08/2005
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).