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The article says:

> The facility was backed by the EU's Chips Act with one billion euros in subsidies

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There are worse ways to spend tax payers money.
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Let's see the state of this project in 5 years. Experience tends to show European projects dragging forever and then suddenly closing whilst funds mysteriously move into semi public companies with boards full to the brim with retired political figures
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Still better odds of success than if that money was used to pay welfare for unskilled migrants instead.
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Yeah, most europeans are not aware how much do we spend on agriculture, pensions and healthcare.
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