The European Commission approved to give €1.75 billion in public funds to a joint IoT research and development project between France, Germany, Italy and the UK

The European Commission approved a plan by France, Germany, Italy, and the UK to give €1.75 billion in public funds to support a joint research and innovation project in microelectronics, specifically ones related to IoT projects and connected / driverless cars. The project’s aim is to promote the development of technological components (e.g. chips, integrated circuits, and sensors) that can be installed in applications such as consumer devices, automated vehicles, commercial devices, and industrial devices.