Tag: Chips
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EU Injects €8B in State Aid to Boost Chips and Microelectronics Industry
The European Union has approved an €8.1bn state aid package to fund the development of chips, sensors, processors, and more, with a focus on resource-efficient technologies to enhance the bloc's microelectronics and communications sector. The initiative spans over 14 member states and aims to advance 5G/6G telecoms, autonomous driving, AI, and quantum computing. Private investment of €13.7bn is expected, bringing the total impact to €22bn. The EU's Chips Act will increase semiconductor chip production, targeting 20% of the global market share by 2030.
Should You Invest in AI Stocks such as Nvidia Amid Their Surging Performance?
Investors are bullish on AI as Nvidia's stocks soar. However, wealth managers warn of risks, including a potential bubble and existential threats to society.