Exclusive-EU countries, lawmakers likely to clinch deal on Chips Act on April 18 - sources

April 05, 2023 11:50 AM CEST | By Reuters
Image source: Reuters

BRUSSELS (Reuters) - EU countries and EU lawmakers are likely to clinch a deal on a multi-billion euro plan to boost the bloc's chip industry on April 18, sources with direct knowledge of the matter said on Wednesday.

The European Commission announced the Chips Act last year in an attempt to cut the EU's reliance on U.S. and Asian supply following global supply chain problems that led to a shortage of chips for European businesses.

(Reporting by Foo Yun Chee)

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