Europe has risky reliance on China for low-tech chips, auditors warn
Brussels is far from meeting its targets to reshore microchips manufacturing.
Brussels is far from meeting its targets to reshore microchips manufacturing.
While Thierry Breton hailed chip manufacturers’ recent investment pledges in Europe as a โculminationโ of the EU’s industrial strategy and its newly-adopted Chips Act, a lot more work is needed.
Taiwanese semiconductor manufacturer TSMCโs โฌ10 billion investment in a new chips factory in Germany marks the โculminationโ of the EUโs industrial strategy of the past few years, EUโs Single Market Commissioner Thierry Breton said.
The EU Chips Act, a new-generation industrial policy tool for the European Union, is producing appreciable results, but not those expected by its early advocates, writes Mathieu Duchรขtel.