EU Approves 8 Billion State Subsidies for Chip/Semiconductor Research

Semiconductor research projects with €8 billion ($8.6 billion) in public funds were approved by the European Union’s executive arm as part of a push to increase the bloc’s domestic chip-supply chain.

The projects are backed by a total €13.7 billion in private funding, amounting to about €22 billion, the European Commission announced Thursday. It said a total of 68 Important Projects of Common European Interest — or IPCEI — have been given the go-ahead from 56 companies in 19 countries, including Norway.

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