https://techcrunch.com/2022/02/08/eu-chips-act/

European Union lawmakers have today presented a Chips Act: Their plan, trailed last fall, to bolster regional sovereignty in semiconductor production and supply chain resilience through a package of targeted support for chip production inside the bloc, including in areas like R&D and via funding for startups and scale-ups working on cutting edge tech in the sector.

The proposal also includes a loosening of strict EU state aid rules that will allow Member States to provide financial support to novel “first of a kind” chip fabs.