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Merkel's 1.2b euro German e-car push boosts Infineon, STMicro

Subsidy programme translates into US$300m of chips by 2019, says analyst; Infineon is slated to win most of that

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Chips control anything from electricity flow to airbags and LED headlights, and electronic cars and plug-in hybrids are especially lucrative for the likes of Infineon (above) and STMicro.

Berlin

CHANCELLOR Angela Merkel's 1.2 billion euro (S$1.8 billion) electric-car push is a boon to another industry seeking to benefit from the shift beyond petrol: chipmakers such as Germany's Infineon Technologies AG.

The subsidy programme, which kicks off in May with rebates for