Taoiseach Micheál Martin warned European Commission president Ursula von der Leyen that Europe risks losing its semiconductor chipmakers due to high energy costs. Martin appealed for interim measures to address the issue and keep chip manufacturers in mind as the EU pivots towards environmentally-friendly energy sources. Taoiseach Micheál Martin has warned European Commission president Ursula von der Leyen that Europe risks losing its semiconductor chipmakers due to high energy costs. However, the high energy costs pose a significant challenge to this plan.In a separate development, the U.S. government has agreed to fund Intel Corp. with $5.7 billion to bolster domestic chip production. As Europe and the U.S. pivot towards more environmentally-friendly energy sources, the industry must adapt to higher energy costs and ensure its competitiveness.References:[1] https://www.irishtimes.com/politics/2025/09/02/chipmakers-need-help-with-high-energy-costs-taoiseach-told-von-der-leyen/[2] https://www.webpronews.com/trump-admin-funds-intel-5-7b-takes-10-stake-for-us-chip-production/[3] https://www.ainvest.com/news/evn-ag-strategic-resilience-growth-energy-transition-challenges-2508/

Source: The Irish Times September 02, 2025 10:44 UTC