Europe’s Chips Act to bake in up to €2BN in funding support for startups and scale-ups
TechCrunch
FEBRUARY 8, 2022
The proposal also includes a loosening of strict EU state aid rules that will allow Member States to provide financial support to novel “first of a kind” chip fabs. The Commission wants to more than double the bloc’s share of global chip production to 20% by 2030 — up from the 9% currently.
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