EU details the Chip Act, a scheme to create & euros; 43 billion in R&D and chip manufacturing, seeking to compete with the US and Asia (Wall Street Journal)

The Wall Street Journal:

EU details Chip Act, a plan to provide 43 billion euros in funding for R&D and chip production, which seeks to compete with US and AsiaThe legislation could raise about $49 billion in government and private cash, although critics fear a subsidy race

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