Will the EU's 120 billion euro investment in chips succeed this time?

CryptoWorld news: The European Union plans to restart the “Chips Act,” and it is expected that by 2035, €120 billion (about $140 billion) will need to be invested to revitalize the domestic semiconductor industry. The draft shows that the EU will take practical measures to strengthen demand for domestically produced chips, since the previous bill failed to successfully expand market share. One major project being considered is investing €300 billion to build a new factory to produce AI semiconductors and advanced 3-nanometer chips; the funding will be jointly provided by the European Commission, member states, and private enterprises. In addition, the European Commission will facilitate coordination between companies in industries such as telecommunications, defense, and automotive and chip suppliers to develop technologies that meet demand. The draft is planned to be submitted to legislators for review next week, but it may still change.