EU agrees chips subsidies plan, EU industry chief says

The EU Chips Act aims to double the bloc's global chip output to 20% by 2030.Florence Lo | Reuters

The European Union has agreed a 43-billion-euro plan to boost its semiconductor industry to try to catch up with the United States and Asia, EU industry chief Thierry Breton said on Tuesday. The European Commission, EU countries and EU lawmakers had been negotiating on the final details of the Chips Act in Strasbourg, eastern France, since 7 a.m. .Reuters reported on April 5 a deal was imminent this week.

The Chips Act aims to double the bloc's share of global chip output to 20%by 2030 and comes after the United States announced its CHIPS for America Act to compete with Chinese technology. While the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have widened the scope to cover the whole value chain, including older chips and research and design facilities."The EU Chips Act will crowd-in investments to where they are most needed – in manufacturing capabilities, skills, and R&D.

No power to make chips in EU lmao

Hey get your Coal power from Germany now before it's all sold out. How will EU charge EVs with no power to do so. Will the poor suffer with no heat or lights because wealthy folks get all the power? I must know how. If you bank on solar and wind you just blew your waud.

EU chips plan is generous, maybe DE chips plan ?

The importance of chips to the world

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