BRUSSELS : The European Commission said on Tuesday it had approved 5 billion euros ($5.5 billion) in German state aid to support a new microchip plant in Dresden for the European Semiconductor Manufacturing Company (ESMC). The award for the project led by Taiwan's TSMC is the biggest state subsidy granted so far under the EU Chips Act, and Germany's first. "This is a true win-win situation for all of us," EU Commission's President Ursula von der Leyen said during the inauguration ceremony for