The European Union has launched its largest Chips Act pilot line - NanoIC - in Belgium, marking a major milestone for European semiconductor development and manufacturing. With a total investment of 2.5 billion Euros, the facility has received 700 million Euros in EU funding, an equal amount from national and regional governments, and the remainder from ASML and other industry partners. NanoIC will accelerate the development of next-generation semiconductor technology, essential for the development of AI, autonomous vehicles, healthcare and 6G mobile technology.
NanoIC is the first European facility to deploy the most advanced Extreme Ultraviolet lithography machine, focusing on designing and manufacturing chips using technology beyond two nanometers. This marks a significant advancement in European semiconductor manufacturing technology.
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Political News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.