EU Backers of Chip Subsidies Want Limits on Foreign Firms
- Commission set to use state aid for cutting-edge production
- Some countries want to focus state aid on European champions
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Key European Union countries support Brussels’ push to become a semiconductor superpower, but are reluctant about giving too much state aid to chip producers.
Representatives from Belgium, France, Germany, Italy and the Netherlands are worried that excessive government investment in chip production could lead to a subsidy race between EU countries or even an overproduction of chips, according to people familiar with discussions among the countries.