European Union officials expect next month to present legislation aimed at advancing microchip manufacturing and marketing with funding comparable to the $52 billion proposed in the U.S.
BRUSSELS—Coming European Union legislation to promote microchip development would mobilize funding comparable to the $52 billion proposed in pending U.S. legislation, a senior EU official said.
Thierry Breton, European commissioner for the internal market, said the European Chips Act, which he expects to present early next month, would strengthen the bloc’s position in the global semiconductor industry through funding and other support for research and investment.
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