On Tuesday 18 December, the European Commission approved a joint German, British, French and Italian measure to support research and innovation in microelectronics worth up to €1.75 billion.
The objective of this aid is to generate an additional €6 billion in private investment for a project that is expected to be completed by 2024.
"I very much welcome the initiative of France, Germany, Italy and the United Kingdom to join forces. And I’m looking forward to seeing the results...