Steel coils are waiting for delivery at the storage and distribution facility of German steel maker ThyssenKrupp in Duisburg, Germany, November 16, 2023.
That put numerous projects in key areas for Germany's industrial competitiveness at risk, the sources, who declined to be named, warned.
In the steel industry, businesses planned to invest 6 billion euros ($6.54 billion) in decarbonised steel production, directly and indirectly employing around 20,000 people.
Investments in microelectronics were bundled into the KTF, totalling 31 projects relying on an estimated 4 billion euros in government funding.
Numerous projects along the battery supply chain were submitted as outlines for funding applications, the sources said, with an investment volume of around 20 billion euros.
Persons:
Wolfgang Rattay, Markus Wacket, Victoria Waldersee, Bill Berkrot
Organizations:
REUTERS, Rights, Transformation, Investments, RIC, Infineon, Intel, Thomson
Locations:
Duisburg, Germany, Dresden, Magdeburg