The next stage is to get EU ministers to agree the plan when they meet on December 1st.
After that, the European Parliament will hold a debate on the plan in the New Year.
The plan is unfunded with the EC agreeing to put up less than 15% of the cost with Member States liable for the rest.
Even so, $46.6 billion is seen as too little to achieve the stated target of the proposal which is to increase Europe’s world market share from 8% today to 20% by 2030.
Yesterday’s agreement was given after the EC agreed to subsidise other chip production apart from leading edge products, and also agreed that EC requests for information from companies at times of crisis must be proportionate and security-focussed.
