The EU Commission allows under EU State aid rules an important project of common European interest notified by several Member States to cooperate for the development of innovative products (IPCEI)

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An Important (and so far, Unique) Project of Common European Interest* Introduction Several Member States have demanded a more active industrial policy to counteract perceived unfair foreign competition. The Commission’s response has partly been that current rules do allow cross-border cooperation for the development of innovative products. A case in point is an R&D project in microelectronics jointly notified by four Member States: SA.46578 [Germany], SA.46705 [France], SA.46595 [Italy], SA.46590 [UK] [1]. But, as will be seen later on, this project also highlights the risk to internal EU competition from the cooperation of too many companies. This project is unique in several ways. It is the first joint notification by more than two Member States in the past 15-20 years. It is

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