Chip industry: EU Commission allows more subsidies

For Angela Merkel, the lesson to be learned from the ongoing chip bottlenecks is clear: EU states should mobilize massive state aid to encourage semiconductor manufacturers to build state-of-the-art factories. „South Korea and Taiwan show that without state subsidies, for example, competitive chip production in the 3- or 2-nanometer range is basically no longer possible,“ the outgoing German chancellor told Reuters news agency. „And if we don’t have certain support instruments in addition to the existing EU state aid rules, we can’t advance to the top of the world.“