The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch up with the United States and Asia and start a green industrial revolution.
The EU Chips Act, proposed by the European Commission last year and confirmed by Internal Market Commissioner Thierry Breton, aims to double the bloc's share of global chip output to 20% by 2030 and follows the U.S. CHIPS for America Act.and the confirmation of the EU Chips Act was welcomed by industry players which said it would bring manufacturing capabilities, skills and research and development improvements.
Since the announcement of its chips subsidies plan last year, the EU has already attracted more than 100 billion euros in public and private investments, an EU official said.to close the gap with rivals, said analysts such as Paul Triolo, a China and tech expert at the Washington-based Center for Strategic & International Studies.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Houston earns top 20 spot on list of 2023 allergy capitals in United StatesHouston, we have an allergy problem. 🤧🌳
Read more »
The United States of WeedCurious about the status of weed and its legality? Here’s where legalization stands, state by state 🥦
Read more »
Tickets for the 2023 Texas Renaissance Festival are now available. Here's how and where to buy.Tickets for 49th season of the largest Renaissance Festival in the United States are now...
Read more »
Here are the top 10 states to live in if you want to work remotelyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Biden's Parole Pipeline Frees over a Million Migrants into U.S., Exceeding Populations of 6 StatesJoe Biden’s Department of Homeland Security (DHS) has released more than a million migrants into the United States through a parole pipeline — a foreign population that exceeds the populations of six states.
Read more »
First Mover Asia: Ether Price Hits Fresh 11-Month HighALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey writes that to prevent the potentially destructive impact of AI, we need open-source innovation and collective governance that is possible through blockchain protocols and Web3, not the monopoly defaulting structure of Web2.
Read more »