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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
Add BT as a preferred sourcePublished Mon, May 2, 2016 · 09:50 PM
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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 vehicle buyers and plans for 15,000 battery-charging stations, translates into about US$300 million of chips by 2019, said Guenther Hollfelder, an analyst at Baader Bank AG.
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