In mid-September 2021, the authorities of the European Union announced investments in blockchain, data infrastructure and high-performance computing as part of a multibillion-dollar project to stimulate the development of technologies throughout the bloc.

The projects, which will be organized in several EU countries, complement a regional push for semiconductor manufacturing after a global shortage forced automakers to slow down production lines. The European Commission did not provide details on how much money will be invested in each technological area.

The European Union invests billions in blockchain and high-performance computing
About a fifth of the EU’s €750 billion ($887 billion) pandemic recovery fund will be spent on digital technologies, as these technologies are crucial for the region.

Officials want to direct funding to several areas by 2030:

Data infrastructure;
Processors with low power consumption;