This is a great decision! I never understood why Europe under-invested in semi considering the talents they have and the strategic nature of it. Intel is dying a slow death, ARM is leaving UK's control, and TSMC is slowly taken over by China. The tables are turning.
> This is a great decision! If they can execute, which I very much doubt, given the history of similar EU initiatives. The only example I can think of is Airbus. Those funds are usually funneled toward bullshit vendors that are specialised in milking such EU programs, with nothing to show for it afterwards.
I’ve met a CEO of one such company. A filthy rich scumbag that has half the government in his pocket. Ensuring that he gets the big government contracts and muscles out other companies for EU funds.