EU is prepared to fund European chip manufacturing expansion European Union


Source: techradar.com techradar.com

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Livio Andrea Acerbo EU is prepared to fund European chip manufacturing expansion European Union The European Union (EU) has indicated it is prepared to fund initiatives that will strengthen Europe’s chip manufacturing capabilities. A global chip shortage caused by the Coronavirus pandemic, combined with the rise of technology as a key strategic consideration, has led many countries and regions to reassess their supply chains and production capabilities. The US, China and South Korea have all explored options, while the EU has previously suggested it would support an alliance between major European manufacturers such as ASML, Infineon, STM and NXP. Qualcomm...