EU Advances €43 Billion Plan to Make More Semiconductors
- Negotiators resolved last disputes over the use of EU budget
- Governments around the world are investing billions in chips
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European Union negotiators agreed on a final version of a €43 billion ($47.2 billion) plan to make Europe a key player in a global race to ramp up the production of semiconductors.
Countries around the world are investing billions in their domestic semiconductor industries, following supply chain disruptions during the Covid-19 pandemic and amid increasing geopolitical tensions between the US and China.