(Bloomberg) -- The European Union will invest in blockchain, data infrastructure and high-performance computing as part of a multibillion-euro push to stoke technology development across the bloc.
The projects, to be organized across several EU countries, add to a regional push toward manufacturing semiconductors after a global shortage forced carmakers to slow production lines. The European Commission didn't give details of how much would be invested in each technology area.
About a fifth of the EU's 750 billion-euro ($887 billion) pandemic recovery fund will be spent on digital technology with digital “the make-or-break issue” for the region, EU Commission President Ursula von der Leyen said Wednesday.
Officials want to direct funding in several areas by 2030:
- data infrastructure
- low-power processors
- 5G communication
- high-performance computing
- secure quantum communication
- public administration
- blockchain services
- digital innovation
- investing in people's digital skills
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