Published: June 8th, 2023,
Last updated: June 9th, 2023
Around two and a half years after the project was launched, the EU Commission approved billions in aid for the chip industry. The new IPCEI Microelectronics and Communication Technologies comprises 68 projects, which the 14 member states involved may fund with up to €8.1 billion. The companies are to invest an additional €13.7 billion as part of the project.