Dortmund: Elmos could sell its chip manufacturing

It was a political concern that even the German government was working to resolve. Elmos, a firm located in Dortmund, is now permitted to sell a portion of its output to the United States.

The federal government approves selling Dortmund to the United States.
Elmos, a business situated in Dortmund, is authorized to sell the semiconductor boards it produces to the Littelfuse corporation in the United States. These are required, for instance, for semiconductors that are later put in automobiles. Elmos reported that the agreement has received unconditional approval from the Federal Ministry of Economics. The Federal Cartel Office has given the go-ahead as of the end of July.

The federal government prohibits the sale of Dortmund to China.

In exchange for the release, Littelfuse will pay Elmos 37 million euros. Upon closure of the deal, which is anticipated to happen at the end of 2024, the balance of the purchase money will be given to the Dortmund-based business. The Americans will take over the roughly 225 staff of the wafer production sector. Elmos will continue to manage all other job areas. The German government had previously barred the Dortmund-based firm from selling to a Chinese entity because too much market power would otherwise be given up.

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