Reported 5 months ago
The European Chips Act is expected to attract over $100 billion in private investment to the European semiconductor industry by 2030, according to a European Commission official. The initiative aims to bolster Europe's semiconductor sector in response to similar programs in the US, Japan, and China. Companies like Intel and TSMC have already announced plans for significant investments in chip manufacturing facilities in Germany, with the Commission working on funding for R&D pilot lines and a design platform to support chip development.
Source: YAHOO