EU Chips Act likely to get green light on April 18

Reuters revealed that EU countries and lawmakers are likely to agree on a 43-bln-euro plan to boost the European Union’s chip industry on April 18 at a European Parliament session. The EU sees this as its answer to the $52 bln U.S. CHIPS Act and also in response to global supply chain problems in recent years which hurt European businesses ranging from carmakers to turbine makers.