EC considers relaxing rules to allow chip plant funding

EC considers relaxing rules to allow chip plant funding — — -Brussels (Brussels Morning) European Commissioner EC for Competition Margrethe Vestager announced on Thursday that the EC is considering easing its rules on state aid to order to allow chip plant funding.

Due to its heavy reliance on imports from Asia, the bloc has been hit hard by the global shortage of chips. This is why the EC is now looking to introduce more lenient rules for financing chip plants, Reuters reports.

Vestager