The more than $50 billion in subsidies now on offer to chip manufacturers from the U.S. government and 43 billion euros ($47 billion) in Europe "is big money from the government perspective (but) is little money from industry perspective, which means we have to spend this in a very dedicated and very forceful way in order to get the best out of it," Kurt Sievers said, speaking at the Bloomberg New Economy conference.
($1 = 0.9150 euros)
(Reporting by Conor Humphries, Toby Sterling, Editing by Louise Heavens)
