Europe’s chip design platform lines up €525 million for fabless startups

A young company built to grow quickly, often around a new product or technology, usually funded by investors.

Startups create new jobs and industries, but most fail, which is why funding rounds are closely watched.

A political and economic union of European countries with a single market, shared laws in many areas and, for many members, the euro.

EU rules on trade, technology and competition affect companies and people far beyond Europe.

A material, usually silicon, used to make the chips that process and store information in electronic devices.

Chips power everything from phones to cars, so their supply has become a strategic issue for governments.

A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.

Crypto prices are volatile, and governments are still deciding how to regulate it.