EU to unveil plan to fund chip production next monthBloombergThe EU is to publish early next month proposed legislation to make the continent a leader in chip production, European Commission President Ursula von der Leyen announced yesterday. The European Chips Act would further adapt state aid rules “under a set of strict conditions,” the head of the EU’s executive arm said during a virtual address at the World Economic Forum. European Commission President Ursula von der Leyen speaks after a meeting at the Elysee Palace in Paris on Jan. 7. Photo: ReutersThe EU wants to become more involved in chip production, with a target of producing 20 percent of global semiconductor value by 2030, up from 10 percent. Currently, the EU is a world leader on chip research and production equipment, but lags behind in producing chips, particularly state-of-the-art versions.

Source: Taipei Times January 20, 2022 20:29 UTC