The EU Chips Act just received its final approval

Stefan Mileschin · 26th July 2023, 06:15

Governing bodies worldwide have taken steps in recent years to boost local chip manufacturing, such as tax incentives and funding. For instance, the European Union just approved the Chips Act, regulations meant to improve its member states' semiconductor production capacity. First announced in February 2022, the Chips Act aims to use €43 billion ($47.5 billion) in investments to increase the EU's cut of microchip production to 20 percent in 2030 — it currently sits at about 10 percent. The Council of the European Union also hopes it will "attract investment, promote research and innovation and prepare Europe for any future chip supply crisis." The semiconductor industry is projected to be worth $1 trillion by 2030, led by smartphones, servers, data centers, and storage applications.
https://www.engadget.com/the-eu-chip...3.html?src=rss

26th July 2023, 06:15	#1
Stefan Mileschin [M] Reviewer Join Date: May 2010 Location: Romania Posts: 148,650	The EU Chips Act just received its final approval Governing bodies worldwide have taken steps in recent years to boost local chip manufacturing, such as tax incentives and funding. For instance, the European Union just approved the Chips Act, regulations meant to improve its member states' semiconductor production capacity. First announced in February 2022, the Chips Act aims to use €43 billion ($47.5 billion) in investments to increase the EU's cut of microchip production to 20 percent in 2030 — it currently sits at about 10 percent. The Council of the European Union also hopes it will "attract investment, promote research and innovation and prepare Europe for any future chip supply crisis." The semiconductor industry is projected to be worth $1 trillion by 2030, led by smartphones, servers, data centers, and storage applications. https://www.engadget.com/the-eu-chip...3.html?src=rss

Similar Threads
Thread	Thread Starter	Forum	Replies	Last Post
The first drug that slows Alzheimer's has finally received FDA approval	Stefan Mileschin	WebNews	0	10th July 2023 07:37
US judge grants final approval to Apple’s $50 million ‘butterfly’ keyboard settlement	Stefan Mileschin	WebNews	0	29th May 2023 06:33
Apple's latest 11-inch iPad Pro has received its first discount at $749	Stefan Mileschin	WebNews	0	8th November 2022 07:12
Another Amazon warehouse has reportedly received approval for a union election	Stefan Mileschin	WebNews	0	3rd March 2022 09:43
Apple updates Final Cut and Logic to take advantage of new M1 Pro and Max chips	Stefan Mileschin	WebNews	0	19th October 2021 07:34
Ford received almost 45,000 F-150 Lightning pre-orders in under 48 hours	Stefan Mileschin	WebNews	0	24th May 2021 10:19
Faraday Future may have received a $1.5 billion lifeline	Stefan Mileschin	WebNews	0	18th February 2018 19:32
Firefox for iOS just received a slew of new updates	Stefan Mileschin	WebNews	0	31st July 2016 19:30
Google Received Over 144,000 'Right To Be Forgotten' Requests	Stefan Mileschin	WebNews	0	13th October 2014 08:52