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June 19th, 2007
Thomas Rachel, Undersecretary at Germany's Research Ministry (BMBF) says it is not yet clear who will be king of the one-trillion-dollar global market for nanotech products. In an interview with the German edition of Technology Review, Rachel admitted that the US was the leader in private sector investments and in bringing nanotech research to the market. However, he says that German companies are "well-positioned" in such areas as nanochemistry and nano-optics.
By 2010, the German government will be devoting a rather large investment budget to nanoelectronics: 323 million euros. Rachel said such a large investment was necessary because semiconductor technologies will be the main growth driver for all of Germany's main industries. "Here, Germany has already managed to make up a lot of ground," Rachel explained, adding that Dresden had now become the number one "electronics valley" in Europe.
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