EU Accelerates Push for Chip Supremacy with New Funding Proposals
Summary
Nine EU nations are accelerating efforts to bolster Europe's semiconductor industry, aiming to unveil proposals by summer for a new funding program that addresses gaps in chip packaging and production, while boosting demand to attract company investments.
Key Points
- Nine European Union countries are working to speed up plans to boost the bloc's computer chip industry
- They aim to present proposals for a new funding program by the summer to address gaps in areas like chip packaging and advanced production
- The coalition wants to allocate funds and boost demand to incentivize companies to invest in Europe's semiconductor industry