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EU Launches 8.1 Billion Euro Microelectronics Projects With 56 Companies

BRUSSELS (Reuters) – Fourteen European Union countries will grant up to 8.1 billion euros ($8.7 billion) in public support to 56 companies working together on projects in microelectronics and communication technologies, the European Commission said on Thursday.

The projects concern “research and development projects covering microelectronics and communication technologies across the whole value chain from materials and tools to the chip designs and manufacturing processes,” the EU executive said.

(Reporting by Foo Yun Chee)

Copyright 2023 Thomson Reuters.

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Nathan
Nathan

Nathan is an experienced journalist. He's covered a broad spectrum of topics, including politics, culture, and human interest stories, always aiming to engage and inform his audience. Nathan has a degree in Journalism and upholds the highest standards of integrity and accuracy in his work.

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