A mountain to climb The European Union s Industry Commissioner Thierry Breton has said that the bloc is aiming to increase its production of chips to 20% of global supply, from the current 10%, over the next ten years.
Breton made the comments to Italy s industry minister after a meeting and follows on from a commitment made by the bloc to allocate significant funds to Europe s semiconductor manufacturing capability.
However, what ever the level of funding it ll be a tall order to meet those ambitions and Europe will be challenging the likes of Taiwan and South Korea who, between them, account for over 40 per cent of the world s current wafer capacity.
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EU aims to raise chip production to 20per cent of global supply in next 10yrs European Union Industry Commissioner Thierry Breton said the bloc aims to increase its production of chips to 20per cent of global supply, from the current 10per cent, over the next ten years, according to comments released by Italy s industry minister after a meeting.
FILE PHOTO: European Commissioner in Charge of Internal Market Thierry Breton speaks on during a news conference on security and cybersecurity strategy at the EU headquarters in Brussels, Belgium June 23, 2021. Kenzo Tribouillard/Pool via REUTERS
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