The EU Chips Act is unlikely to achieve its objective. The package of measures was actually intended to attract international chip contract manufacturers and motivate domestic manufacturers to expand. The declared goal: European chips should account for around 20 percent of global sales of semiconductors by 2030.Forecast of how many chips will be produced where in 2030. China’s share is growing in particular because more and more cheap chips with older production technology are being produced there.The Court of Auditors is aware of 29 investments under the EU Chips Act, including Intel. All 29 together should amount to a capital of 86 billion euros – 26 billion through subsidies and 60 billion through investments by the manufacturers. Without the Intel plants, this means that more than a third of the investments will be lost. Do you think that Europe need to work with either China or US to catch up ?
Previous Article
Chinese Carmakers Battling To Build Autonomous Driving AidNext Article
Amazon: Kuiper internet satellites Project