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Silicon Saxony is a registered industry association of 555 companies in the microelectronics and related sectors in Saxony, Germany, with around 40,000 employees. Many, but not all, of those firms are situated in the north of Dresden.
With a name chosen referring to Silicon Valley, the area and the union — in many aspects — represent the only meaningful European center of microelectronics. Many of those firms have very research and capital intensive business models competing with subsidized global players, mainly from Asia.