EU Opens Door to More State Aid for Chip-Makers
- European Commission to meet on Wednesday to discuss proposal
- Draft proposal would seek to fill funding gaps for facilities
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The European Union may ease restrictions on state aid for the semiconductor industry, following French calls for a more interventionist approach to overcoming the global supply crisis.
The European Commission, the EU’s executive arm, may agree to a new approach to state-aid policy when it meets on Wednesday that could allow governments to subsidize cutting-edge chip plants in Europe, according to a draft of the policy paper seen by Bloomberg.