European Commission seeks power to invest directly in semiconductor fabs
Updated
Updated · Bloomberg · Apr 30
European Commission seeks power to invest directly in semiconductor fabs
16 articles · Updated · Bloomberg · Apr 30
A late-May draft of Chips Act II would let the EU executive back large cross-border manufacturing projects, according to people familiar with the proposal.
That would expand the commission's role beyond funding research and approving member-state aid, with projects still structured as public-private partnerships.
The revamp aims to improve on the 2022 Chips Act by boosting European chip investment and reducing dependence on overseas supply chains for critical technology.
Amid a global subsidy war, should Europe's Chips Act chase costly mass production or secure its unique tech monopolies?
As a helium crisis halts global chip output, can Europe's new investment plan truly secure its vulnerable supply chains?