BRUSSELS -- The European Union put forward a plan Tuesday that called for the bloc to produce a fifth of advanced semiconductors worldwide in a vision that echoes the U.S. pursuit of a tech supply chain that is independent of China.
A cornerstone of the Digital Compass plan is the investment of about 140 billion euros ($166 billion) into the digital sector over the next two to three years. The financial resources will come from a coronavirus recovery fund, equivalent to roughly 20% of the package.
