EU seems set to spend 'significant' funds to fight global semiconductor shortage

The Eu seems set to follow in the footsteps of the U.S., China, and South Korea when it comes to combatting the global semiconductor shortage. Thierry Breton, the EU's commissioner for internal markets, discussed goals and plans in a meeting at the headquarters of ASML, an manufacture equipment supplier, last Th (via Reuters).

The Eu'south ultimate goal is to double its share of global semiconductor production to 20% and to make ii-nanometer chips by 2030. Before information technology does that, Breton says that it needs to expand its chapters to build mid-level fries.

An upcoming "alliance" of European semiconductor companies was reported past Reuters in Apr. The alliance is said to include ASML, Infineon, STM, and NXP.

Breton highlights that this alliance between semiconductor companies is like to what's occurred in the US., Cathay, and S Korea. He also explained that the EU hopes either Samsung, Intel, or Taiwan Semiconductor will build a plant in Europe.

Funding from the European union could come from the 800 billion euro (roughly $976.five million) coronavirus recovery fund. twenty% of that fund is intended to get towards "digital transition" within the EU.

Several factors contributed to the global semiconductor shortage, including the electric current global pandemic and a fasten in interest in certain electronics. As a result of the shortage, the best graphics cards and consoles similar the Xbox Series X are in brusque supply. The shortage as well affects other industries, such equally the automotive industry.

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