On 8 February 2022, the European Commission introduced the long-awaited “Chips Act” – EUR 43 billion will be raised across Europe to support the semiconductor industry. European rules on state aid should be softened in order to achieve this objective. This immediately calls out critics who fear restrictions on competition and free trade. However, this industrial offensive is to be welcomed in principle, because the digital transformation generates a rapidly growing demand for microchips, meaning that ...
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