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For as a country, we also need to learn that democracy and transparency also come at a cost: which is worth paying to avoid a downward spiral into a corporate dictatorship dominated by secretive cabals
COLLEGE MEETING: Digital sovereignty: Commission proposes Chips Act to confront semiconductor shortages and strengthen Europe s technological leadership …
Fab For Europe
The EU’s iffy decision-making has been nowhere more apparent than in its dealings with the semiconductor industry.
Seven years ago the EU adopted its 10/100/20 plan to boost its semiconductor market share which was then standing at 9%.
The 10 stood for €10 billion in public/private research funding, the 100 stood for the €100 billion to be spent by industry on manufacturing and 20 was the 20% market share to be achieved by 2025.
$80 billion in funding was earmarked by Commissioner Neelie Kroes to fund the project.
Kroes had urged the EU semi Big Three companies to implement the plan but said that, if they wouldn’t, then other companies would be brought in.