Member states reach agreement on €43 billion Chips Act
An insider source told Bloomberg that the member states of the European Union have reached an agreement on the Chips Act.
The Chips Act was proposed by the European Commission in February 2022. Brussels wants 20 percent of all chips worldwide to be produced in the European Union by 2030. The Ch... Read more
Infineon CEO wants EU chip plants to decrease reliance on Asia
Reuters reports that Infineon CEO Jochen Hanebeck supports contract manufacturers developing new European semiconductor plants to decrease his company's dependency on Asian suppliers.
About 15 percent of the German chipmaker's production components currently come from Taiwan. In an interview wit... Read more
MEPs warn that the EU is running out of money to fuel its chips race
Members of the European Parliament warned that the funding required to fuel Europe's chips race may limit research initiatives in other industries throughout the European Union.
The European Union is trying to raise the necessary public investment to compete with the world's leading chip make... Read more
EU member states want more freedom in subsidizing chip manufacturers
According to an official document seen by Reuters, several EU nations would like to subsidize manufacturers of existing chips rather than the first-of-their-kind chips suggested by the European Commission in the European Chips Act.
The European Chips Act, launched earlier this year, intends to s... Read more
NXP: ‘Chips Act makes too little money available to reach target’
The support package for European chip makers won't be enough to reach the European Union's goal, according to NXP's CEO. The chip giant calculated that the market needs €500 billion in investments, while the support package only provides €43 billion.
The European Union wants to have a 20 pe... Read more
Spain invests $12 billion in the semiconductor sector
The Spanish government wants to invest over $12.3B in developing a local semiconductor industry. As a result, a major complication arose; chip manufacturers are onboard to withstand any challenges.
Funded by the European Union, the finances were allotted to balance the economic consequences of t... Read more
‘US must be independent of Taiwanese chip industry’
The US Department of Commerce wants the States to be independent of the Taiwanese chip industry. Commerce Secretary Gina Raimondo believes it's important to implement the Creating Helpful Incentives to Produce Semiconductors (CHIPS) as quickly as possible.
According to the ministry, the US is to... Read more
Bosch builds €170 million German wafer fabs through European Chips Act
Bosch revealed that it intends to construct two €170 million development centers in Reutlingen and Dresden at the Bosch Tech Day 2022. The German engineering and technology company will increase its manufacturing capacity by adding 3,000 square meters of clean-room space to its Dresden wafer fab.... Read more
‘Samsung beats Intel to become largest chip vendor’
Gartner market researchers conclude that Samsung achieved more chip sales than Intel in 2021. The global chip shortage resulted in a record turnover.
Last year, Samsung had a market share of 12.3 percent. Intel peaked at 12.2 percent. Samsung sold 28 percent more chips for a total turnover of 73... Read more
The Netherlands invests 470 million euros in chip manufacturing
PhotonDelta is receiving a 1.1 billion euro investment to make The Netherlands a front runner in the field of photonic chips.
About half of the investment (470 million euros) is financed by the Dutch government. The rest stems from PhotonDelta's partners.
The Dutch government wants to positio... Read more