Comment Neelie (Kroes)

[...] And fourth, of course we need a global level playing field. A subsidy race would just mean dead-weight losses: these days, we can't afford that. But let's not be naïve. This sector is highly inter-dependent. If some actors invest big, like in new chip production facilities, that has an impact on others in the chain. If they fail to invest, that has an impact too. So let me be clear: in the absence of common global rules, Europe needs to have, and use, all necessary instruments to ensure we can make those big investments.