Europe to incentivise governments to buy made-in-EU chips by startups, document shows
The European Commission wants governments to buy chips made by EU startups as it seeks to reduce Europe’s reliance on U.S. and East Asian products, a document seen by Reuters shows.
The proposal dubbed Chips Act 2.0 supplements the original Chips Act implemented three years ago, which has so far failed to achieve its goals of attracting advanced manufacturing and doubling the bloc’s global chip market share to 20% by 2030.
