News roundup: EU plans for digital wallet, semiconductor makers experience record growth, and LG closes down mobile payments business

A roundup of this week’s technology news, including EU plans for a digital wallet, record growth in the chipmaking industry, LG’s plans to close down its mobile payments business, and more.


EU plans for a digital wallet

The European Union is preparing to launch a digital wallet that will enable its 450 million citizens to access a variety of online services securely and quickly.

According to a report by Bloomberg, citizens of the EU’s 27 member states will be able to use the planned digital wallets for showing their age, taking out loans, renting cars abroad, submitting tax returns, creating new bank accounts, enrolling in university courses, and more.

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