Is the European Commission’s proposed Chips Act a lost chance to secure chip supplies?
The proposed act aims to double Europe’s current market share of 9% to 20% by 2030 in the global semiconductor production and expects to mobilize more than USD49 billion of public and private investments
The European Commission’s Proposal for a Regulation of the European Parliament and of the Council to establish a framework of measures for strengthening Europe’s semiconductor ecosystem or Chips Act, just like the US government’s recent policy on semiconductors, aims at securing strategic supply of chips to support various industries.
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