Huge budget for domestic chip and battery production from Turkey!

Minister of Industry and Technology Mehmet Fatih Kacır made important statements in line with Turkey’s goal of making a major breakthrough in the field of high technology. Minister Kacır detailed plans to increase Turkey’s chip and battery production capacity within the framework of the HIT-30 High Technology Investment Program. This program was introduced to the public with the participation of President Recep Tayyip Erdoğan.

Huge budget for chip and battery production!

Minister Kacır stated that the program has a resource of 5 billion dollars to ensure the domestic production of critically important chips in areas such as automotive, white goods, electronics, defense and aerospace. According to their statements, Türkiye will focus on chip production technology at 65 nanometer and smaller scale.

Emphasizing that the global chip market exceeded 600 billion dollars last year, Kacır stated that with the development of artificial intelligence technologies, Turkey aims to meet its own needs in this field and increase its export ability.

Serious support will also be provided for the production of batteries, which are of critical importance in the electric vehicles and energy storage sectors. Minister Kacır announced that grant support of up to 6,000 dollars per megawatt-hour will be provided for battery production until 2030. With these supports, Turkey is planned to reach a battery production capacity of 80 GWh.

Support for chip production

Investors will be able to receive capital contributions of up to 90 percent of their investments for chip production. Additionally, various financial incentives and grant supports will be offered. While significant advantages will be provided to investors with tax incentives and exemptions, employment supports will also contribute to workforce creation and training programs. Land allocations will be made for investments and projects will be helped to be financed.

• Capital contribution: Up to 90 percent of investments will be covered.
• Grant support: Various financial incentives will be offered.
• Tax incentives: Tax exemptions will be provided to investors.
• Employment supports: Workforce creation and training programs will be supported.
• Investment site allocation: Land will be allocated for investments.
• Financial support: Projects will be helped to be financed.

Support for battery production

Grant support will be provided for battery production investments up to 95 percent of the investments. Tax incentives and exemptions will also be offered in this area. Employment supports, workforce creation and training opportunities will be supported.

• Grant support: Up to 95 percent of investments will be provided with grant support.
• Tax incentives and exemptions: Tax benefits will be offered in production processes.
• Employment supports: Support will be provided for workforce creation and training.

Minister Kacır emphasized that with this major investment program, Turkey aims to become a global player in high technology production by meeting domestic demands. For more information and application, you can visit the official website of the program www.hit30.sanayi.gov.tr.