EU Chips Act to drive $47 billion investments in semiconductor manufacturing

The European Council and the European Parliament has reached an agreement on a deal that will invest $3.6 billion in EU funds — with the aim of attracting a further $43.7 billion in private investment — to build out the continent’s semiconductor manufacturing capabilities.Europe, like the U.S., is grappling with a fast-changing semiconductor marketplace, as governments around the world increasingly adopt more restrictive policies on the import and use of chips from overseas.Th