The European Union strike a provisional deal for its ~$47B Chips Act, which aims to double the bloc’s share of global chip output to 20% by 2030 (Foo Yun Chee/Reuters)

Foo Yun Chee / Reuters:
The European Union strike a provisional deal for its ~$47B Chips Act, which aims to double the bloc’s share of global chip output to 20% by 2030  —  The European Union on Tuesday agreed a 43 billion euro ($47 billion) plan for its semiconductor industry in an attempt to catch up with the United States …