https://twitter.com/EIF4eu/status/1438041794940395523
"The @EU_Commission announced a new European Chips Act, in order to jointly create a state-of-the-art European #chip ecosystem including production."
I am wondering how that will work with the current "state aid" framework.
The current crisis is an opportunity to empty the public coffins, full of state aids everywhere, especially to large corporations, and send the bill afterwards to the people that have to pick up the bill. No thank you.
As for cars, we don't need those chips, cars were fine before without all those useless electronics.
To their dismay, after 50 years of trying hard, they are still an irrelevant institution economically, a net negative for businesses and individuals.
The chip industry will and can sort their issues perfectly on it's own. In fact one of the top chipmakers is already European, and they are doing extremely well, they don't need any political help.