Europe sets sights on global semiconductor domination

With the global chip shortage still hitting hard, countries around the world are upping the ante when it comes to chip production. New fabrication sites are setting up all over the world from companies like Intel, which has recently started setting up its new Irish production factory, and seems to be looking at Malaysia next. Governments like the United States of America are also investing billions into easing the current shortage with new Acts. Now we are seeing Europe with an official Act of its own to help with the global semiconductor demand.

The European Union has announced and detailed some of the EU Chips Act, describing it as “Europe’s plan to regain global leadership in semiconductors”. Up until sometime in the 80’s Europe had a fairly strong semiconductor industry, with companies like Siemens and Phillips but has since fallen behind. With technology ever moving forward, and in light of the current shortage, it makes sense that Europe is joining many other governments and corporations in the race for semiconductor dominance. 

source: gamezpot.com