commiss decis march state aid implement portugues republ infineon technolog portug sa notifi document number portugues text authent text eea relev ec commiss european commun regard treati establish european commun subparagraph articl thereof regard agreement european econom area articl thereof call interest parti submit comment pursuant provis cite procedur letter decemb regist receiv januari portug notifi multisector framework region aid larg invest project hereinaft multisector framework intent grant invest aid infineon technolog fabrico de semiconductor portug sa hereinaft infineon portug propos aid regist number commiss acknowledg receipt letter januari letter januari inform portug notif consid incomplet rais seri question remind commiss portug submit addit inform letter regist receiv dai letter juli fin commiss inform portug decid initi procedur laid articl ec treati respect aid commiss decis initi procedur publish offici journal european union commiss invit interest parti submit comment aid measur letter no august regist receiv august august regist receiv august portug gave reaction decis initi procedur commiss receiv comment interest parti forward portug opportun react observ receiv letter decemb regist receiv decemb ii descript beneficiari infineon portug wholli own subsidiari infineon technolog nv control infineon technolog ag hereinaft infineon infineon parent compani larg intern group main divis wirelin commun secur mobil solut memori automot industri infineon public march spin siemen ag compris semiconductor activ infineon portug belong memori product segment design develop manufactur market semiconductor memori product back end unit activ assembl final test packag mb mb mb dram dynam random access memori portugues author infineon plant locat portug back end unit dram product sector europ portug submit data turnov employ infineon broken world eea portugues market million eur worldwid eea portug turnov workforc turnov workforc turnov workforc project invest project locat vila cond grand porto assist area articl ec treati maximum permit aid intens support invest net case larg enterpris project start june complet septemb invest aim increas compani competit extend product mb mb dram mb mb dram addit compani introduc quot board chip quot technolog increas final product launch product chip size packag smaller type memori prior complet invest project infineon portug produc million chip week complet product capac increas million chip week capac increas result project portugues author infineon share semiconductor market share dram market data total elig invest cost amount eur price project cost tabl eur total cost elig cost total portugues author project led creation direct job indirect job region opinion safeguard job exist job infineon portug aid measur portugues author beneficiari appli state aid april aid consist loan grant scheme tax incent grant scheme loan total eur interest free amount eur convert repay grant remain part loan eur reimburs equal half yearli instal loan approv portugues author novemb payment disburs addit infineon portug benefit tax incent eur incent form incom tax exempt profit deriv notifi invest infineon schedul eur eur eur eur eur portugues author stress total amount tax incent event exceed incent approv portugues author june tabl summaris aid intens measur eur incent nomin incent incent gge incent nge reimburs loan repay grant tax incent total data calcul net grant equival nge gross grant equival gge aid measur refer rate discount amount aid back date invest start june calcul interest save reimburs loan rate applic portug gross grant equival calcul deduct amount aid nomin financi flow relat net grant equival calcul basi convers rate set portug region aid map nge gge request portugues author net aid intens aid amount aid nge total elig cost eur eur ground initi formal investig procedur juli commiss inform portug decid initi formal investig procedur laid articl ec treati respect propos state aid express doubt compani elig region invest aid financi strength infineon portug applic financi support made beneficiari portugues author preced implement project aid disburs calcul provid portug nge aid intens applic reduct factor maximum aid intens allow multisector framework competit factor capit labour factor commiss reliabl inform ascertain definit characterist market rule possibl sector question absolut rel declin doubt exist job portugues plant safeguard result invest project iii comment interest parti commiss receiv comment interest parti research institut engag develop back end product process portugues german chamber commerc portugues institut develop technolog law firm act competitor infineon comment forward portug letter novemb portugues author present observ letter decemb parti favour aid stress import maintain back end dram oper europ downstream industri dram mention benefit portugues economi high ad industri refer posit cooper infineon portug portugues univers notabl field research view import eu promot type invest attract highli innov sme prevent firm reloc asian countri gener state subsidi law firm act competitor infineon oppos aid argu infineon group difficulti elig region aid contend dram market face structur overcapac commiss approv aid amount reduc significantli order avoid undu distort competit lastli argu commiss decid reduc amount propos aid portug requir submit notif month elaps market condit chang notif measur iv comment portug comment initi formal investig procedur portug provid evid effect aid applic submit work start project letter april beneficiari portugues govern request financi assist invest provid clear evid aid disburs declar infineon portug auditor portugues invest agenc financ ministri portugues author provid balanc sheet profit loss account infineon portug period portug submit correct figur total cost elig cost invest minor differ item subtot compar figur previous provid aggreg amount unchang portug state invest amount envisag express price discount carri calcul nge aid intens measur request commiss portug submit detail calcul nge intens aid measur net aid intens market data request commiss calcul competit factor portug express view criterion averag capac utilis rate point multisector framework appar consumpt basi portugues author present data show structur overcapac microchip market period event commiss decid appar consumpt data portug claim correct indic bit consumpt transact argu commiss indic previou decis multisector framework point commiss account market disturb caus subsidi grant korean dram manufactur hynix commiss acknowledg subsidi led quot dramat declin quot dram price commun period impos countervail duti korean dram reason portug consid assess market develop term give correct pictur market portugues author provid inform infineon share dram market gave estim share conclud market share complet invest project exce commiss request portug justifi number job safeguard invest claim previou scale product type product portugues plant manag remain competit invest forc market estim cost close plant provid increas total output result invest requir extens retrain adapt exist workforc product process claim back end plant mobil low transport cost increas outsourc type oper compani dram sector shut activ portug fail invest sustain competit portug conclud commiss account job safeguard exist job invest place top figur product job creat result invest account total job correspond eur capit job impli capit labour factor assess state aid mean articl ec treati articl ec treati lai save provid aid distort threaten distort competit favour undertak product good affect trade member state incompat common market financi measur state loan eur tax incent eur notifi portug aid measur involv state resourc confer advantag compani bear cost invest competit trade exist specif industri financi advantag favour compani rel competitor threaten distort competit affect trade member state commiss consid measur regard state aid mean abovement articl elig firm data provid portug show infineon portug incur loss total eur million gener profit total eur million eur million profit fell eur million eur million data show infineon portug financi sound diminish profit recent year mention infineon portug part larger group infineon group year invest project start group gener profit eur million total asset eur million end financi year equiti amount eur million group made loss eur million eur million eur million equiti end stood eur million eur million eur net cash posit infineon eur million fall eur million eur million figur rose eur million quarter june septemb octob decemb compani regist profit eur million eur million figur show time invest infineon profit compani sound cash posit adequ equiti compani made loss maintain adequ level equiti half infineon made loss return profit half year basi financi data commiss consid propos aid aim rescu restructur firm difficulti assess region invest aid notif requir project cost eur million exce eur million threshold laid point multisector framework cumul aid intens elig invest cost applic region aid ceil addit aid job creat safeguard exce eur project subject notif requir laid point multisector framework assess procedur aspect case portug approv tax incent infineon portug june loan novemb portugues author provid evid loan tax incent disburs commiss regard aid notifi aid incent effect aid portug submit letter siemen portugues author date april explain detail plan invest request financi assist implement letter siemen infineon portug spin infineon siemen produc practic effect portug work project start aid applic submit commiss consid incent effect product concern portug invest concern product dram dynam random access memori dram fall nace code compris manufactur electron valv tube electron compon semiconductor store binari data semiconductor belong famili electron compon dram common type semiconductor memori pc low cost product dram differenti memori size quantiti data store chip size depend gener chip product subject rapid technolog chang gener arriv market year dram differenti intend applic fpm dram edo dram sdram rdram type final product instal type memori chip exist sram eprom flash memori gener perform function dram regard substitut dram basic product standardis specif demand side type dram custom supplier world gener dram compet earlier custom prefer type depend cost effect function dram end product suppli side dram manufactur switch product dram capac manufactur facil technolog emploi similar switch gener dram facil gener easi light consider market dram regard relev product market separ nace classif exist market relev geograph market note dram trade worldwid basi classif market concept transport cost low structur barrier market entri world regard relev geograph market assess multisector framework commiss note aid compli point guidelin nation region aid beneficiari contribut financ invest exce aid order determin maximum allow aid intens propos grant aid commiss multisector framework identifi maximum aid intens region aid ceil compani obtain assist area concern context authoris region aid system valid moment notif vila cond situat grand porto region lack strong region econom structur maximum aid ceil nge larg enterpris commiss assess seri adjust factor appli figur order calcul maximum allow aid intens project question competit factor capit labour factor region impact factor competit factor commiss note project creat capac european market affect market authoris aid compani oper sector structur overcapac pose risk distort competit capac expans compens capac reduct exacerb problem structur overcapac pursuant point multisector framework structur overcapac deem exist averag year capac utilis rate relev sector subsector percentag point manufactur structur overcapac deem exist differ respect averag manufactur percentag point pursuant point multisector framework suffici data capac utilis commiss limit determin competit factor exist structur overcapac sector subsector concern sector establish lowest segment nace classif lowest nace code manufactur dram compris kind electron compon dram repres small share nace code capac situat aggreg level nace code adequ reflect situat market dram commiss consid analysi capac situat applic assess competit factor pursuant point multisector framework absenc suffici data capac utilis commiss invest take place declin market market deem declin year averag annual growth rate appar consumpt product question annual averag eea manufactur industri strong upward trend rel growth rate demand product market deem absolut declin averag annual growth rate appar consumpt year neg point market dram regard relev product market substitut memori chip limit dram trade worldwid world market regard relev geograph market commiss recal portug infineon share semiconductor market share dram market data portug estim infineon market share beneficiari share world market dram exce invest place portug submit data growth rate appar consumpt dram year requir multisector framework agre account data commiss decis germani infineon technolog sc gmbh amp kg period data present case portug argu order analys appar consumpt commiss year period year period multisector framework refer averag annual growth rate year commiss practic analys appar consumpt year period calcul growth rate commiss consid point multisector framework refer period present case relev appar consumpt data dram period tabl eur million averag annual growth figur year averag annual growth rate appar consumpt market dram previou period rate neg period consid request portugues author rate posit market dram highli cyclic characteris strong fluctuat averag annual growth rate term differ significantli depend period consider fluctuat due fact price extrem volatil reason dram product process characteris high sunk cost low margin cost price fluctuat wide rang profit compani produc dram long margin cost cover develop appar consumpt term give adequ pictur market dram commiss recognis specif case data consumpt term transact provid full repres pictur situat market point portugues author transact valu appar consumpt affect disrupt caus presenc market subsidis import korean manufactur hynix investig result imposit countervail duti dram import hynix conclud thing subsidis import led dramat declin dram price commun period hynix import price fell conclud subsidis import materi harm industri commun countervail duti reflect level subsidi grant hynix impos dram import manufactur movement averag sell price dram world market refer period tabl usd movement tabl show dram price world market fell recov partial commiss take view transact valu appar consumpt lesser extent advers affect abnorm low price result subsidis sale hynix reason commiss examin inform order obtain reliabl full analysi market develop world market dram look volum term relev wide volum statist unit shipment megabyt movement world dram market refer period reveal statist tabl valu million unit averag annual growth valu million megabyt averag annual growth valu reveal consist posit trend dram market refer period import point market growth rate term unit term megabyt compar averag annual growth rate observ period fact strong indic transact low level appar consumpt record due primarili abnorm declin price year recognis commiss council regul mention footnot price declin due essenti subsidis import korea analys indic mention transact volum unit volum megabyt refer period dram market grew sustain rate characteris except market disrupt result abnorm declin price commiss request inform prospect dram market latest forecast world semiconductor trade statist tabl averag annual growth rate global market semiconductor outlook memori segment includ sram dram volatil memori product posit averag annual growth rate global market memori product expect usd million semiconductor growth memori growth inform independ sourc gartner dataquest confirm prospect dram market posit usd million million unit million megabyt transact growth unit shipment growth megabyt growth restrict analysi inform term transact valu dram market absolut declin relev period market analysi volum term unit shipment megabyt conclus fact market grew faster rate manufactur industri eea subsidis dram import korea neg effect world price market lesser extent except market develop commiss consid specif case statist volum term give truer pictur market develop refer period data term megabyt significantli influenc technolog advanc industri increas dram volum bit commiss take view present case market develop reflect data term unit shipment conclud cautiou reason estim averag growth rate dram market refer period mention accord multisector framework market consid declin refer period averag annual growth rate appar consumpt product question lower annual averag eea manufactur industri period eea manufactur industri grew averag rate averag annual growth rate dram market refer period higher commiss take view market declin competit factor set lastli commiss note infineon investig allegedli particip cartel dram sector awar infineon involv disput alleg infring patent right unit state america investig major impact market analysi present definit conclus reach case stage account potenti impact market commiss remind portugues author inform basi conclus reach prove incorrect provid articl procedur regul result proceed refer subsequ conclud effect alleg infring competit rule neglig commiss fulli reserv reassess market situat basi analysi repeal decis capit labour factor highli capit intens project multisector framework lai capit labour factor design adjust maximum intens view favour project contribut effect reduct unemploy creat larger number job criterion take account distort effect aid price final product portug project led creation direct job distribut sector direct job assembl test qualiti control total portug explain job disappear time consid net direct job creation directli link project commiss consid direct job creat result invest account reason figur capac increas portug state exist job infineon portug job safeguard invest portug infineon group locat back end oper portug malaysia invest project carri portug transfer back end oper malaysia impli job portug lost fact support evid portug produc evid estim cost transfer portugues oper malaysia low take account cost transport equip compens paid worker repay state subsidi gain sale land build oper cost malaysia lower portug back end oper locat south east asia condit invest attract factor lower wage labour cost portug flexibl labour market avail skill personnel lower train cost lower cost util energi water ga lower land civil engin cost proxim client avail supplier flexibl polici subsidi preferenti tax treatment stringent environment requir dram manufactur ti samsung emploi worker close oper portug infineon establish plant area infineon immedi worker present case altern plant dram sector portug infineon worker invest place infineon worker directli indirectli involv product process estim job includ product line research qualiti control product job occupi low skill worker receiv intens specif train gear equip ti samsung reason assum employ limit result invest extens retrain need product higher capac dram introduct product board chip product mb mb chip discontinu invest place higher capac chip produc commiss conclud fact signific probabl portugues oper shut invest place commiss consid invest safeguard exist job creat job give total job capit labour factor elig invest eur result creation safeguard job correspond ratio eur job quot quot factor adjust maximum intens set region impact factor region impact factor take account benefici effect aid invest economi assist region commiss consid job creation indic project contribut develop region capit intens invest creat signific number indirect job assist region concern adjac assist region job creation context refer job creat directli project job creat tier supplier custom respons aid invest portug project led creation indirect job region indirect job creat local supplier instrument servic figur modest relat amount invest commiss presum data correct indirect job account influenc determin region impact factor commiss set region impact factor maximum allow aid view forego maximum allow aid intens calcul net propos aid eur equival aid intens net portug intend grant infineon portug invest vila cond maximum allow aid intens calcul basi multisector framework post monitor aid project approv commiss multisector framework commiss requir aid contract relev author member state aid recipi reimburs provis event complianc contract final signific payment aid made aid beneficiari satisfi member state execut project complianc commiss decis condit commiss basi inform provid member state implement project work dai agreement rais object final payment aid commiss note invest recent complet aid disburs pend decis portug invest carri plan number job creat total invest amount correspond mention commiss consid portug compli oblig point multisector framework vi conclus light consider commiss conclud aid amount propos satisfi condit regard compat common market adopt decis articl state aid portug plan grant infineon technolog portug sa satisfi condit regard compat common market implement aid eur net grant equival authoris basi fact articl decis address portugues republ brussel march commiss mario monti member commiss oj oj footnot approv commiss juli commiss letter sg august approv commiss septemb commiss letter sg octob definit relev product market appli commiss case jv hitachi nec point decis oj commiss letter sg januari commiss decis wacker chemi commiss decis juli kronopli data provid independ research institut vlsi research commiss regul ec oj impos provision countervail duti council regul ec oj impos definit countervail duti sourc gartner dataquest novemb council regul ec march lai detail rule applic articl ec treati oj