By Syndicated Content
By Toby Sterling
AMSTERDAM (Reuters) â The EU is ready to commit âsignificantâ funds to expand European semiconductor manufacturing and support its computer chip supply chain, the Commissioner for internal markets, Thierry Breton, said on Thursday.
After a meeting at the headquarters of key industry equipment supplier ASML, Breton said Europe would need to expand its capacity to build mid-level chips before it could achieve a goal of doubling its share of global semiconductor production to 20% and producing the most advanced, 2-nanometer chips by 2030.
In April, Reuters reported the EU was launching an âallianceâ of European semiconductor companies including ASML as well as Infineon, STM and NXP to help meet those goals.
KLM, the Dutch arm of Air France, on Wednesday said it had noted a decision by a European court rejecting the 3.4 billion euro ($4.15 billion) bailout package from the Dutch government, citing a lack of reasoning by the European Commission.
Ryanair gets rare wins in EU court over state aid for KLM, TAP
By Foo Yun Chee
Reuters
BRUSSELS (Reuters) -Ryanair won two victories in its fight against billions of euros extended in state aid to rivals as Europe s second-highest court annulled the support given to KLM and Portugal s TAP on the grounds that regulators failed to justify the huge cash injections.
The Luxembourg-based General Court, however, said the annulments - and the recovery of the money - would be suspended pending new decisions by the Commission.
Ryanair can challenge those new decisions at the same court if it is not satisfied with them.
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But KLM, the Dutch arm of Air France, said the judgment was of no consequence as the state aid will not have to be repaid until the Commission has a chance to review the decision.
TAP declined to comment when contacted by Reuters.
Portugal’s Prime Minister Antonio Costa told reporters the decision was preliminary and the aid was justified in view of the impact of the pandemic.
“Given the crisis that hit the aviation sector around the world, it was unthinkable for the European Commission not to lift restrictions on state aid,” he said. “There is no reason to believe their legal experts did not study the matter well.”
UE : Le feu vert à l aide à KLM annulé en justice tradingsat.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradingsat.com Daily Mail and Mail on Sunday newspapers.