EU pushes for Chips Act 2.0 investment as it looks set to miss global silicon production targets by a wide margin — seeks quadrupling of semiconductor investment as $50 billion initiative flounders

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All the member nations of the EU have signed on to a Dutch-led coalition that wants to encourage additional investment in semiconductor manufacturing in the EU. This revision of the 2022 European Chips Act would see the EU pivot its plan to take over global production and instead target specific weaknesses in the EU’s semiconductor strategies, as per Reuters.

The EU’s Chips Act budgeted 43 billion euros ($50.4 billion) in semiconductor manufacturing, chip design, and better supply chain monitoring that…



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EU pushes for Chips Act 2.0 investment as it looks set to miss global silicon production targets by a wide margin — seeks quadrupling of semiconductor investment as $50 billion initiative flounders



All the member nations of the EU have signed on to a Dutch-led coalition that wants to encourage additional investment in semiconductor manufacturing in the EU. This revision of the 2022 European Chips Act would see the EU pivot its plan to take over global production and instead target specific weaknesses in the EU’s semiconductor strategies, as per Reuters.

The EU’s Chips Act budgeted 43 billion euros ($50.4 billion) in semiconductor manufacturing, chip design, and better supply chain monitoring that…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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