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Submission + - Europe Commission launches $12 billion chip support campaign (

An anonymous reader writes: Neelie Kroes, European Commission vice president responsible for the digital economy, wants to use 5 billion euros of European Union tax payers' money together with matching funds from the chip industry to recreate European success in semiconductors similar to that of Airbus. Because of its strategic importance to wealth creation Kroes wants Europe to reverse its decline in chip manufacturing and move back up from 10 percent to 20 percent of global production.
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Europe Commission launches $12 billion chip support campaign

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If it's worth doing, it's worth doing for money.