At the same time, Belgium-based research hub imec has landed 2.5bn in funding from the EU Chips Act.
Specifically, the institute has three main tasks.
Finally, the body will target the development of specialist skills.
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This technology is expected to boost various industries, from the automotive sector to healthcare.
imec will work together with European research labs including Fraunhofer-Gesellschaft in Germany and VTT in Finland.
said Luc Van den hove, President and CEO of imec.
More than half of the pilots funding will come from public investment.
Private companies, including ASML, will invest approximately1.1bn.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
