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EU to unveil plan to fund chip production next month

The EU is to publish early next month proposed legislation to make the continent a leader in chip production, European Commission President Ursula von der Leyen announced yesterday. The European Chips Act would further adapt state aid rules โ€œunder a set of strict conditions,โ€ the head of the EUโ€™s executive arm said during a virtual address at the World Economic Forum. โ€œThis will allow public support โ€” for the very first time โ€” for European โ€˜first of a kindโ€™ production facilities...
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Intel CEO urges lawmakers to 'not waste this crisis' in chip push

From Bloomberg: Intel Corp. CEO Pat Gelsinger urged the U.S. and Europe to push ahead with efforts to bring back chip manufacturing, arguing that government funding is needed to address an overconcentration of production in Asia. The company's next domestic factory will be in the Columbus area, according to cleveland.com.
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