Foreign media: The EU plans to invest 177 billion US dollars to support the development of 5G, quantum computing and other technologies

According to foreign media reports, the European Union plans to invest US$177 billion in data infrastructure, 5G, quantum computing and other fields. The planned investment funds account for about 20% of the 750 billion euros (approximately US$887 billion) stimulus plan agreed by EU leaders in 2020.

According to foreign media reports, the European Union plans to invest US$177 billion in data infrastructure, 5G, quantum computing and other fields.

It is understood that the planned investment fund accounts for about 20% of the 750 billion euros (approximately US$887 billion) stimulus plan agreed by EU leaders in 2020 to hedge the negative impact of the new crown pneumonia epidemic on economic development.

 

It is worth mentioning that in order to alleviate its pressure on chip shortages, part of the $177 billion fund is designated for the manufacture of low-power processors. Although these funds will obviously be injected into the technology sector that requires funding, the details of the specific allocation amount have not yet been announced.

 

As other continents such as Asia and the Americas actively pursue these technologies and their applications, it is not surprising that the EU has begun to improve its technological innovation capabilities.