![Europe Approves its $47 Billion Answer to USA’s CHIPS Act](https://enterprise-informer.com/wp-content/uploads/2023/04/European-Chips-Act.jpg)
Europe Approves its $47 Billion Answer to USA’s CHIPS Act
The European Union has agreed to a landmark plan to boost its chip industry. The initiative, dubbed the European Chips Act, seeks to help the bloc compete with the USA and Asia on technology, and secure control over a critical bit of technology behind the world’s electronics products and devices. The EU Parliament and 27…