The Commission has authorised a €165.6m contribution by the German authorities to Qimonda’s €1.2bn project for renovation and additional building of a new DRAM wafer production plant in Dresden. DRAM wafers are memory chips used in computers and other electronic devises. The project is expected to create 480 additional jobs and contribute to the regional development of Saxony, a disadvantaged area. The project was approved under the 1998 Regional Aid Guidelines and the 2002 rules for regional aid for large investment projects on the basis that Qimonda’s market share both before and after the investment falls below the level that would raise competition concerns.