19 C
New York
May 24, 2024
Worship Media
Technology

EU to offer €8.1 billion in aid to make chips, communication tech

Just weeks after European Union (EU) Commissioner Thierry Breton put emphasis on Europe making its own chips, the EU has announced up to €8.1 billion in public funding for building microelectronics and communication technologies.

The funding, which was planned by 14 member nations under the Union, is dubbed Important Project of Common European Interest (IPCEI) under the EU State aid rules, allowing member states to pool resources and cooperate across borders.

“These member states will provide up to €8.1 billion in public funding. This is expected to unlock another €13.7 billion of private investments. This will bring the total investments in the project to over €21 billion,” EU Executive Vice President Margrethe Vestager said in a statement.

To read this article in full, please click here

Click Here to Visit Orignal Source of Article https://www.computerworld.com/article/3699349/eu-to-offer-81-billion-in-aid-to-make-chips-communication-tech.html#tk.rss_all

Related posts

A look at Microsoft’s patches and fixes in 2021 — the year of change

ComputerWorld

Gmail tips: Snoozing, shortcuts, and other time-savers

ComputerWorld

Google Meet cheat sheet: How to get started

ComputerWorld

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy