EU okays $2 billion microelectronics project by France, Germany, Italy, UK
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BRUSSELS (Reuters) - France, Germany, Italy and Britain secured EU approval on Tuesday to grant 1.75 billion euros ($2 billion) in state aid to a joint microelectronics project aimed at encouraging investments in internet-connected devices.Twenty-nine companies and research bodies will take part in the project, among them Robert Bosch [ROBG.UL], Infineon , STMicroelectronics , Osram , Carl Zeiss [CZTOP.UL], GlobalFoundries and Murata.The European Commission said the public support is expected to..