Chips Act: Europe’s bet

For Thierry Breton, it is “one of the most important industrial policy projects in many years“: The European Chips Act, announced by the Commission with much fanfare and now presented yesterday. The legislative proposal, which was drawn up under great time pressure, is intended not only to protect Europe’s industry from supply bottlenecks like the current one but also “to make Europe a leader in this very strategic market”, as Commission President Ursula von der Leyen put it.

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