Press Release: Europe boosts industrial research in Nano-electronics

An unprecedented € 3 billion will be invested in nanoelectronics, with the launch on 22 February, 2008, of a major Joint Technology Initiative (JTI) endorsed by the Council of Ministers and by the European Parliament at the end of 2007. This initiative, called ENIAC, is a new public-private partnership which targets nanoelectronics, the technology that enables increasingly high levels of miniaturisation in the myriad of applications and high-tech products which are emerging today. The Governing Boards of this ENIAC – where public and private stakeholders take decisions jointly – met for the first time in Brussels today.