The original article can be found here.
Article highlights:
- The EU launched a plan to raise tens of billions of euros to boost semiconductor production in Europe and end the bloc’s digital dependence on Asia.
- The production of semiconductors, also known as chips, has become a strategic priority in Europe as well as the United States
- If approved, the EU plans could generate a total of 42 billion euros ($48 billion) via existing EU budget money as well as by loosening existing rules on public subsidy from member states.
