Published May 28, 2026, 12:57 PM ET · Updated 6 months ago · 1 source

EU Says It Needs €120 Billion to Revive Local Chip Production

bloomberg
bloomberg
·
Original Report
INFERY
EU Says It Needs €120 Billion to Revive Local Chip Production

The European Union is making a fresh attempt to revive its faltering semiconductor industry via a rebooted Chips Act, an effort expected to require €120 billion ($140 billion) in public-private investment by 2035, according to draft plans seen by Bloomberg News.