EU unveils €43 billion microchip manufacturing splurge

The European Union has announced a huge investment strategy to scale up its semiconductor sector, in a belated bid to achieve chip autonomy.
Th European Chips Act is a strategy to mobilise €43 billion of public and private investments into the European chip sector. This includes €15 billion (or €11 billion depending in which of the EU documents released today you look at) to be directly provided under something called the Chips for Europe Initiative to finance research, design and