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Europe to invest €525 million in chip startups

Original: Europe to invest €525 million in chip startups to catch up with US and China

The European Union will invest €525 million in semiconductor startups, aiming to narrow the technology gap with the United States and China. The move is part of Europe's broader push to strengthen domestic chipmaking capabilities and reduce reliance on foreign suppliers for critical components used in everything from cars to defence systems.

Why now: The funding announcement is fresh news tied to Europe's ongoing effort to build semiconductor independence amid US-China tech competition.

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• Europe to invest €525 million in chip startups to catch up with US and China · Reuters

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