Group of EU states seeks faster progress in chips industry

The coalition, which includes
That act, currently under review, failed to meet key goals but is regarded as having prevented a deterioration of
A frequent criticism is that the process, which featured states providing funding and the
Beljaarts said the point was to become more targeted the second time around.
"We need to allocate funds," Beljaarts said. "Both private and public funds to push the sector, also to make sure that the trickle-down effect takes place and that (small and medium-size) companies also benefit."
He said that while
The coalition is examining "what the internal demand would be from European countries ... so that companies know it's worth it to start investing" he said.
Beljaarts said the new group, formally established on
The Commission said it "strongly supported" the initiative.
(Reporting by
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