[The European Union announces the "Chip Act", which will invest more than 43 billion euros to support local industries] The EU announced the closely watched "Chip Bill" on February 8, planning to invest more than 43 billion euros

The EU announced the much-watched Chip Act on February 8, planning to invest more than 43 billion euros to support the development of the local chip industry, of which 11 billion euros will be used for research and development innovation to ensure leading position; it will also establish a new framework, attract investment for startups, and establish a coordination mechanism linking members to monitor chip supply and demand. The goal is to reduce external dependencies, secure supply chains, and plan to increase the share of global chip production from the current 10% to 20% by 2030. (Lin Guangying)