To increase semiconductor production in Europe from 10 to 20% of world capacity, fresh money at European level is needed and will have to be mobilised in mid-2023 as part of the mid-term review of the European Union’s multiannual budget, said the European Parliament’s Industry Committee on Tuesday (24 January) when it adopted its negotiating position on the ‘Chips Act’ regulation on semiconductors.
“If we really want to keep our hi-tech industry from moving to other places on the...