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EU Seeks to Double Share of World Chip Market by 2030 in ‘Digital Sovereignty’ Drive | Daniel Michaels and Stu Woo, WSJ

By March 9, 2021March 17th, 2021No Comments

BRUSSELS—The European Union is pledging more than $150 billion to develop next-generation digital industries this decade as it seeks to reverse a widening gap with the U.S. and East Asian rivals in advanced technologies like chips and artificial intelligence.

Funded as part of the EU’s $2 trillion Covid-19 economic recovery package, the new “Digital Compass” aims to significantly boost the bloc’s technological autonomy by 2030.

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