MNI INTERVIEW2: Riksbank Sales Boosting Liquidity - Debt Head

MNI China Daily Summary: Thursday, Dec 5

MNI: UK NOVEMBER CONSTRUCTION PMI 55.2 (FCST: 53.5); OCT 54.3

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Lower At 7.1879 Thurs; -1.82% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI: EUROZONE OCT RETAIL SALES -0.5% M/M, +1.9% Y/Y

MNI: EUROZONE NOVEMBER CONSTRUCTION PMI 42.7 OCT 43.0

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Negotiators Reach Political Agreement On Chip Subsidy Programme

EU

The Swedish presidency of the Council of the European Union has stated that "negotiators have reached a provisional political agreement on the European Chips Act. The Chips Act will boost the European ecosystem for semiconductors and play a vital part in strengthening the EU’s competitiveness at the global level."

  • A European Chips act will see a subsidies programme implemented in order to boost supply chain security, and also to boost competitiveness with the US following the passage of the CHIPS and Science Act 2022.
  • Reuters reportsthat the EUR43bn programme, "...aims to double the bloc's share of global chip output to 20% over the next decade". According to Reuters, "...the Commission had originally proposed funding only cutting-edge chip plants, EU governments and lawmakers have expanded the scope to cover the whole value chain, including older chips and research and design facilities,"
  • The EU Chips act is set to maintain the EU efforts to 'derisk' supply chains for critical components such as semiconductor microchips from China, as well as Taiwan given Western concerns of a future military attack on the island.
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timePolitical Market NewsPolitical RiskPolitical Risk BulletBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.