BRUSSELS (Reuters) -The European Union may approve state aid to fund new semiconductor production in the bloc, its competition chief said on Thursday, while resisting calls by France and others for a no-holds-barred approach to subsidies.
From delayed car deliveries to a supply shortfall in home appliances and costlier smartphones, businesses and consumers across the globe are facing an unprecedented shortage in semiconductor microchips which is hurting the EU in particular due to its reliance on Asian chips and diminished share in the supply chain.