EU gets closer to blockbuster investment into domestic semiconductor chip production

According to EU data, numerous vital tech sectors in the bloc have been suffering from supply shortages in semiconductor chips, mainly as a result of the European dependency on imports from a limited number of companies and countries. To address this issue, the union aims to boost its domestic industry by implementing new legislation. On Wednesday, the European Parliament adopted its position on two proposed draft bills: the Chips Act and the Chips Joint Undertaking. On the Chips Act, MEPs endorsed the text put forward by the Industry Committee and expressed their support of its three main measures: Reinforcing technological…

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