Germany syphons €20B from climate pot to fund chip fabs

Germany’s finance ministry is investing €20bn from its climate fund to bolster local production of semiconductors — critical components in everything from smartphones to fridges. The money will be doled out to a handful of chipmakers by 2027, Bloomberg reports. The lion’s share of the subsidies will go to Intel’s planned megafab in Magdeburg, which will build advanced Angstrom-era chips. After months of protracted negotiations, the American chip giant managed to squeeze €10bn from the German government to fund the plant, which will cost around €30bn in total. Another €5bn in subsidies will go to Taiwan’s TSMC for the construction…

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Doomed US lander crushes hopes for first European tech on the Moon

The Peregrine lunar lander is set to crash back to Earth in a sudden end to a mission that was set to put the first piece of European-built technology — and the human remains of a distinguished British sci-fi author — on the Moon. Shortly after launching from Cape Canaveral space station on Monday January 8, the spacecraft suffered a “critical loss of propellant” and was doomed to failure ever since. It is now expected to crash land into Earth on January 18. Astrobotic Technology, the company that built the lander, said it is now working with NASA on a… This story continues at The Next Web from The Next Web https://ift.tt/bHU2dJZ

Macron convinces UK nuclear startup to build its first factory in France

London-based nuclear energy startup Newcleo has scrapped plans to build its first power plant in Britain, opting to invest in France instead. The move follows extensive lobbying by France’s president Emmanuel Macron, who has personally met with Newcleo’s chief executive and founder Stefano Buono several times, to convince him to build the company’s first modular nuclear reactor in France, the Telegraph reports. Founded in 2021, Newcleo develops small nuclear reactors powered by radioactive waste. The company initially sought to tap the UK’s vast stockpile of nuclear waste at the former Sellafield site to power its reactors. But after two years… This story continues at The Next Web from The Next Web https://ift.tt/m9LkMaS

TNW Podcast: Oscar Kneppers on academic startups; ESA wants to detect space-time ripples

Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii and Linnea talk about a new European space mission, AI-generated podcasts, antiquated tech in German trains, and much more. In the interview section, we’re featuring a conversation with Oscar Kneppers, CEO of the Amsterdam Centre for Entrepreneurship, or ACE. He’s also founded several well-known local publications and one of the country’s major startup accelerators, Rockstart. Here are the stories and… This story continues at The Next Web from The Next Web https://ift.tt/a6AlDsr

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