Czech Republic is trying to encourage investments for chip manufacturing

Published: 23.10.2023 Related countries:  India India

To attract the major investments, Czech goverment plans to amend its investments laws in early 2024.

U.S. chipmaker Onsemi is considering a USD 2 billion investment to expand chip manufacturing at its plants in the U.S., South Korea, or Czechia. The  decision of the US chipmaker is to be made by the end of February 2024.  To support these types of  strategic investments, the Czech government planst  to  amendment  the investment incentive laws in the parliament, early 2024.