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A silicon wafer used in semiconductor chip manufacturing (file image)

Photo: A silicon wafer used in semiconductor chip manufacturing (file image)

Technology & AI

EU to invest €525 million in chip startups in bid to close the gap with the US and China

The European Union will put €525 million into chip startups, including €440 million in grants and €85 million for a new European Chips Design Platform, as Brussels tries to strengthen a sector where its design firms hold less than 1 per cent of global revenue.

Technology & AI · 5 Nov 2026, 1:53 am