EU plans $6.4 billion effort to boost chip manufacturing
The European Commission announced plans to spend 5 billion euros ($6.4 million) over the next seven years to try to spur microprocessor manufacturing in the European Union.
The funds, which the EC said will be matched by the same amount coming from the private sector, are designed to enable Europe to double its share of chip manufacturing and thereby help other industrial sectors that are embracing electronics.
"I want to double our chip production to around 20 percent of global production. I want Europe to produce more chips in Europe than the United States produces domestically," said … Read more
