English

European Commission Executive Vice-President Margrethe Vestager announced the approval of €8.1 billion in subsidies for semiconductors.

Economy

Video. Brussels approves €8 billion in subsidies for EU-made microchips

Updated: 08/06/2023 - 17:19 GMT+2

The European Union is hoping to boost domestic production of semiconductors and capture 20% of the global market by 2030.

Read full article

Top stories

Now playing Next

Latest news bulletin | March 8th, 2026 – Morning

Now playing Next

‘Starting from a strong base’: Ceri Morgan on resetting the UK–Europe business relationship

Partner content presented by DBT

Now playing Next

Gas prices nearly double as Europe braces for Iran war energy shocks

Now playing Next

European gas prices surge by up to 45% as Qatar stops LNG production

Now playing Next

International Women’s Day: Celebrating a century of female legacy at Elizabeth Arthotel

Now playing Next

Local Heroes Shine on Day 2 of the Upper Austria Grand Prix in Linz

Now playing Next

Portrait of an artist: Hungarian soprano Andrea Rost rolls the dice for political change

Now playing Next

Pro-monarchy and pro-democracy protesters gather across Europe in support of Iran

Now playing Next

Latest news bulletin | March 7th, 2026 – Evening

ADVERTISEMENT

ADVERTISEMENT

More from Economy

Economy

Trump raises global tariffs from 10% to 15% 'effective immediately'

Economy

US Supreme Court blocks Trump tariffs in a major hit to White House agenda

Economy

Uzbekistan and US formalise joint investment mechanism in Washington

Economy

ECB says 'no decision made' on Lagarde's potential early exit amid reports

Latest video

Azerbaijan

Azerbaijan releases footage after foiling Iran-linked plot targeting pipeline and Jewish sites

World News

Russian strikes kill nine people across Ukraine

United Arab Emirates

Euronews journalist seeks shelter at Dubai airport during Iranian drone attack

Lebanon

Dozens killed as Israel ramps up strikes and clashes with Hezbollah in eastern Lebanon

United Arab Emirates

Iranian drone attack suspends flights at Dubai International airport

USA

Tornado in Michigan kills three and injures several as powerful storms sweep region

Tech News

Rollable laptops and AI super-agents: How Lenovo is revolutionising the future of tech

Tech News

Airports of the future: Could AI make airports faster, smarter and greener?

ADVERTISEMENT

Sport

Judo Returns to Upper Austria as Grand Prix Action Begins in Linz

Culture news

Greece unveils WWII photo archive documenting Nazi executions of prisoners in Athens

USA

Explosions rock Tehran as US official warns 'biggest bombing' of war is coming

Destinations

Healing is the new luxury: How Thailand is luring tourists with gastronomy and wellness

12 minutes with

'Everyone loves Bukele for it,' El Salvador's VP Ulloa defends mass crackdown of gangs

Destinations

Macao: A year-round destination with dynamic events and a buzzing new area

No Comment

Iran: Worshippers in Tehran rally after Friday prayers

Europe News

Iceland plans August referendum on resuming EU membership negotiations

ADVERTISEMENT

ADVERTISEMENT