Sources: the EU is drafting a revised Chips Act II, set for late May, that would grant it power to invest directly in large, cross-border manufacturing projects (Bloomberg)

Bloomberg: Sources: the EU is drafting a revised Chips Act II, set for late May, that would grant it power to invest directly in large, cross-border manufacturing projects - The European Union's revamped plans to stimulate the semiconductor industry would allow the bloc's executive arm to invest directly …