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May 31, 2024, 12:54 PM
May 31, 2024, 12:00 AM
CNBCEuro News

The EU approves Italian aid for a $5.4 billion chip plant

STMicroelectronics multinational electronics and semiconductors manufacturer European Union political and economic union of 27 European states
CNBC
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EU approves Italian aid for $5.4 billion STMicro chip plant

The move is part of Europe's battle to reduce reliance on Asian imports for vital manufacturing components.

Euro News
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STMicroelectronics gets €2 billion grant as EU ramps up chipmaking

The move is the latest step in the EU’s strategy to boost chip manufacturing on the continent and reduce reliance on China.

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