Friday, January 27, 2023
  • Login
198 Bangladesh News
No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT
No Result
View All Result
198 Bangladesh News
No Result
View All Result
Home FEATURED NEWS BANGLADESH CHINA NEWS

To cut dependence on China, EU unveils multi-billion-dollar plan to boost chip production, World News

by 198bangladeshnews_22i2qo
February 8, 2022
in BANGLADESH CHINA NEWS
Reading Time: 2 mins read
235 17
A A
0
Share on FacebookShare on Twitter

[ad_1]

With a purpose to lower its dependence on China and the US on semiconductors provide, the European Union (EU) on Tuesday unveiled its multi-billion-dollar plan to arrange chips factories within the bloc.

The choice by the European Fee, the manager arm of the EU, comes amid a worldwide scarcity of chip provides that has crippled automotive makers, healthcare suppliers, telecoms operators and others.

The extremely anticipated European Chips Act will “allow 15 billion euros ($17 billion) in further private and non-private funding by 2030,” Fee President Ursula von der Leyen stated in a press release.

“This can come on prime of 30 billion euros of public investments already deliberate from NextGenerationEU, Horizon Europe and nationwide budgets. And these funds are set to be matched by additional long-term personal investments,” she stated, referring to ongoing EU tasks.

Von der Leyen stated the bloc will ease its state help tips, which goal to forestall illegal and unfair subsidies granted by EU worldwide areas to corporations, for revolutionary chip factories.

“We’re, subsequently, adapting our state help tips, beneath strict circumstances. It would allow – for the first time – public assist for European ‘first-of-a-kind’ manufacturing facilities, which revenue all of Europe.”

These factories is also allowed to get additional state funding, EU digital chief Margrethe Vestager talked about, as a result of the bloc seeks to double its worldwide market share to 20per cent in 2030.

Notably, the EU Chips Act is equivalent to the US Chips Act which is geared toward growing its competitiveness with China and supporting the home chip business, together with $52 billion to subsidise semiconductor manufacturing and analysis.

The European Chips Act, which might require approval from EU worldwide areas and EU lawmakers sooner than it would turn into laws, moreover contains a toolbox allowing the Payment to demand corporations ship key chips all through a catastrophe, studies Reuters.

(With inputs from companies)



[ad_2]

Source link

Tags: boostChinachipcutdependencemultibilliondollarNewsplanProductionunveilsWorld
Share196Tweet123Share49

Related Posts

Bangladesh to get more orders than China, Vietnam over next 2 years

by 198bangladeshnews_22i2qo
July 22, 2022
0

Greater than half of the US attire executives plan to supply extra from Bangladesh than from China, Vietnam, Indonesia, Cambodia...

Türkiye aims to double trade with Bangladesh to $2b: Envoy Turan

by 198bangladeshnews_22i2qo
July 21, 2022
0

Commerce and investments are on the highest of the Turkish agenda in Bangladesh, Turkish Ambassador Mustafa Osman Turan mentioned on...

China to rethink whether to invade Taiwan or not: CIA chief

by 198bangladeshnews_22i2qo
July 21, 2022
0

CIA chief, Invoice Burns on Wednesday (July 20), mentioned that China seems all set on invading Taiwan with its pressure,...

India to surpass China as most populous country in 2023: UN report

by 198bangladeshnews_22i2qo
July 20, 2022
0

The world's inhabitants, estimated to succeed in 8 billion by Nov. 15 this yr, might develop to eight.5 billion in...

  • Trending
  • Comments
  • Latest

British soldiers investigated after orgy video – media

June 8, 2022

Racist, pornographic illustrations in Chinese textbooks spark uproar

May 28, 2022

Here is What Happened to LUNA and Why the Price Can Continue Crashing

May 11, 2022

Hello world!

1

Rap group call out publication for using their image in place of ‘gang’

0

Meet the woman who’s making consumer boycotts great again

0

2 given life sentences in 2016 killing of California teens

July 23, 2022

Global COVID cases rise, claims more than 1700 deaths…

July 23, 2022

Fish prices keep surging, vegetables get cheaper

July 23, 2022
198 Bangladesh News

198 Bangladesh News will provide the latest news update as the government facing a growing challenging in preventing Bangladesh from breaking apart along ethnic and religious lines.

198massmedia Group. USA. 3821 Dominion Drive, Dumfries, USA. 22026.

Toll Free 1 888 642 8433.
Contact: info@198bangladeshnews.com

LATEST UPDATES

2 given life sentences in 2016 killing of California teens

Global COVID cases rise, claims more than 1700 deaths…

Fish prices keep surging, vegetables get cheaper

Sri Lankan forces raid anti-government protest camp

Anyone can now make your Instagram photo into a reel. But you can opt out

Crypto.com continues expansion with Cyprus

The pilgrims’ descendants fighting for acceptance

RECOMMENDED

No Content Available
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - 198 Bangladesh News.

No Result
View All Result
  • Home
  • VIDEO NEWS
  • BUSINESS NEWS
  • FEATURED NEWS
    • BANGLADESH USA TRADE NEWS
    • BANGLADESH INDIA NEWS
    • BANGLADESH GULF NATIONS NEWS
    • BANGLADESH CHINA NEWS
    • BANGLADESH UK NEWS
    • BANGLADESH EU NEWS
    • BANGLADESH AFRICA NEWS
    • BANGLADESH THAILAND NEWS
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH BRAZIL NEWS
    • BANGLADESH EGYPT NEWS
    • BANGLADESH NIGERIA NEWS
  • POLITICAL
  • CRYPTO
  • TECHNOLOGY
  • MORE NEWS
    • 198TILG BANGLADESH ULTIMATE MASS MEDIA CAMPAIGN TRAINING
    • BANGLADESH MANUFACTURE NEWS
    • BANGLADESH AGRICULTURE NEWS
    • BANGLADESH VENTURE CAPITAL NEWS
    • BANGLADESH IMMIGRATION NEWS
    • BANGLADESH EDUCATION NEWS
    • BANGLADESH UNIVERSITY NEWS
    • BANGLADESH JOINT VENTURE NEWS
    • BANGLADESH SCHOLARSHIP NEWS
    • BANGLADESH PARTNERSHIPS
    • BANGLADESH BUSINESS HELP
  • ASK IKE LEMUWA
  • CONTACT

Copyright © 2022 - 198 Bangladesh News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist