The EC Launches A $48 Bn Plan To Position Europe As A Chip Production Powerhouse
The worldwide semiconductor shortage will continue during the first half of 2022 and could be extended, with some improvements, until 2023, according to a recent report by the consulting firm IDC. Europe has already prepared for this scenario with the European Chips Act presented yesterday in Brussels, a semiconductor law that aims to position Europe as a powerhouse in chip production. The EU aims to quadruple the production of microchips…