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EU may struggle to fund $48 billion Chips Act

Monday February 7, 2022. 02:40 PM , from AppleInsider
Europe's ambitious plans to quadruple processor production are facing problems securing the required $48 billion without disrupting state aid and other existing projects.Following the US Senate's allocating of $52 billion to boost domestic semiconductor production, the European Union is aiming to make similar investment. However, under EU laws, funding is chiefly already committed to projects until 2027.Nonetheless, according to Bloomberg, EU internal market commissioner Thierry Breton, has said that the plans will be 'commensurate' with the US. At the same time, Commission President Ursula von der Leyen said the total investment would be $48 billion. Read more...
https://appleinsider.com/articles/22/02/07/eu-may-struggle-to-fund-48-billion-chips-act?utm_medium=r
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