Reuters revealed that EU countries and lawmakers are likely to agree on a 43-bln-euro plan to boost the European Union’s chip industry on April 18 at a European Parliament session. The EU sees this as its answer to the $52 bln U.S. CHIPS Act and also in response to global supply chain problems in recent years which hurt European businesses ranging from carmakers to turbine makers.
Deals
EU Chips Act likely to get green light on April 18
05 April 2023, 1:55 pm 1 minute
Market Impact
Providing funding to the entire value chain addresses complaints from the smaller EU countries about being left out after Intel (INTC.O), attracted by the Chips Act, picked Germany for its new mega chip manufacturing complex.
Article Tags
Topics of Interest: Deals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
