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Targeted Chips Act Puts Europe Back in the Race

Europe’s semiconductor initiative would fund domestic projects while courting international partners.

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By George Leopold

What’s at stake?
American and European policymakers are united in their efforts to begin moving chip manufacturing back from East Asia. The trick is targeting financial incentives to yield humming production lines, well-paying jobs, supply-chain security and strategic partnerships with growth industries. The European approach, which will hand industry a roadmap along with a check, appears more likely to succeed.


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