EC Plans New Chipmaking Ecosystem

EC Plans New Chipmaking Ecosystem
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The European Commission (EC) unveiled fresh plans to keep the bloc competitive and self-sufficient in semiconductor production. Similar plan was announced last year in the US. CHIPS for America Act is aimed at boosting its ability to compete with Chinese technology.

"Digital is the make-or-break issue," Commission President Ursula von der Leyen said. "We will present a new European Chips Act. The aim is to jointly create a state-of-the-art European chip ecosystem, including production. That ensures our security of supply and will develop new markets for ground-breaking European tech.

Industry Commissioner Thierry Breton said the race for the most advanced chips is a race about technological and industrial leadership. Breton said a European Chips Act would encompass research, production capacity and international cooperation, and that the EU should look into setting up a dedicated European Semiconductor Fund.