The EU wants to mobilize 43 billion euros for the expansion of the microchip industry in the EU. The investments are to come from the EU budget and the private sector, among others, as the Swedish EU. | April 18, 2023
The European Union has prioritised local chip production after the economic aftereffects of the coronavirus pandemic triggered supply chain shocks that led to significant shortages
The European Parliament and EU member states reached an agreement Tuesday on how to boost the supply of semiconductors in Europe, as the bloc races to reduce its dependence on Asian suppliers.
The proposed legislation is causing consternation in Southeast Asia where local businesses are currently having to adapt to the EU regulations on the environment and sustainability.
The proposed legislation is causing consternation in Southeast Asia, where local businesses are currently working to adapt to the EU regulations on the environment and sustainability.