EU agrees to $47B plan to fund chip production to reduce foreign reliance: report

Nov. 23, 2022 3:12 PM ETIntel Corporation (INTC)AMD, TXN, NVDA, MU, STM, TSMBy: Chris Ciaccia, SA News Editor45 Comments

Main microchip on the motherboard


The European Union agreed to a $46.6B (45B€) plan on Wednesday to fund chip production on the continent as it looks to reduce its need for foreign semiconductor manufacturing, Reuters reported.

The news outlet noted that envoys of

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