COMMISSION DECISION
of 16 March 2004
on State aid implemented by the Portuguese Republic for Infineon Technologies, Portugal, SA
(notified under document number C(2004) 326)
(Only the Portuguese text is authentic)
(Text with EEA relevance)
(2005/373/EC)
I. PROCEDURE
II. DESCRIPTION
1. The beneficiary
(in million EUR) |
||||||
|
Worldwide |
EEA |
Portugal |
|||
Turnover |
Workforce |
Turnover |
Workforce |
Turnover |
Workforce |
|
1998 |
3 178 |
21 861 |
1 861 |
14 401 |
[…](4) |
|
1999 |
4 237 |
24 541 |
2 444 |
15 695 |
||
2000 |
7 283 |
29 166 |
3 259 |
17 656 |
||
2001 |
5 671 |
33 813 |
3 005 |
21 821 |
||
2002 |
5 207 |
30 423 |
2 395 |
20 306 |
2. The project
(in EUR) |
||||||
|
Total costs |
Eligible costs |
||||
|
2000 |
2001 |
2002 |
2000 |
2001 |
2002 |
[…](5) |
||||||
Total |
141 472 781 |
141 036 103 |
3. Aid measures
(in EUR) |
|||
Incentive |
Nominal incentive |
Incentive gge |
Incentive nge |
Reimbursable loan |
14 103 610(8) |
5 074 471 |
3 673 917 |
Non-repayable grant |
42 310 831 |
32 068 350 |
23 217 486 |
Tax incentive |
20 450 235 |
14 612 896 |
14 612 896 |
Total |
76 864 676 |
51 755 717 |
41 504 299 |
4. Grounds for initiating the formal investigation procedure
III. COMMENTS FROM INTERESTED PARTIES
IV. COMMENTS FROM PORTUGAL
V. ASSESSMENT
A. State aid within the meaning of Article 87(1) of the EC Treaty
B. Eligibility of the firm
C. Notification requirement
D. The product concerned
E. Assessment under the Multisectoral Framework
(in EUR million) |
||||||
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
Average annual growth |
17 594 |
12 514 |
19 431 |
31 285 |
12 453 |
16 179 |
– 1,66 % |
(in USD) |
||||||
|
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
|
6,08 |
4,19 |
6,37 |
7,85 |
2,75 |
3,65 |
Movement |
|
– 31,1 % |
52,1 % |
23,3 % |
– 65,0 % |
32,5 % |
(values in millions of units) |
||||||
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
Average annual growth |
3 236 |
3 668 |
3 636 |
4 020 |
4 227 |
4 247 |
5,59 % |
(values in millions of megabytes) |
||||||
1997 |
1998 |
1999 |
2000 |
2001 |
2002 |
Average annual growth |
5 289 |
10 814 |
19 367 |
31 919 |
52 583 |
73 277 |
69,17 % |
(in USD million) |
|||
|
2003 |
2004 |
2005 |
Semiconductors |
160 711 |
191 861 |
216 051 |
% growth |
14,2 % |
19,4 % |
12,6 % |
Memory |
31 712 |
40 912 |
48 522 |
% growth |
17,3 % |
29,0 % |
18,6 % |
(in USD million, millions of units and millions of megabytes respectively) |
|||
|
2003 |
2004 |
2005 |
Transaction value |
18 095 |
26 647 |
36 000 |
% growth |
16,9 % |
47,3 % |
35,1 % |
Unit shipments |
4 810 |
5 584 |
5 855 |
% growth |
13,3 % |
16,1 % |
4,9 % |
Megabytes |
112 426 |
170 036 |
262 690 |
% growth |
53,4 % |
51,2 % |
54,5 % |
Sector |
Direct jobs |
Assembly |
131 |
Testing |
116 |
IT |
11 |
Quality control |
6 |
Total |
264 |