๐ข ๐๐๐๐ ๐๐: EU Plans Chips Act Relaunch, Seeks โฌ120 Billion By 2035 To Rebuild Semiconductor Industry - $NVIDIA(NVDA.US) $AMD(AMD.US) $ASML(ASML.US) $Taiwan Semiconductor(TSM.US) $Intel(INTC.US)
A draft shows the EU is relaunching the Chips Act to revive its struggling semiconductor sector, requiring about โฌ120 billion (~$140 billion) in public-private investment by 2035. Chips Act 2.0 will emphasize demand-side measures to boost uptake of domestically produced chips after the 2023 law failed to expand EU market share. One major measure under consideration is a roughly โฌ30 billion chip fab for AI semiconductors and advanced 3nm nodes, to be co-funded by the European Commission, member states and private firms. The Commission would also broker links between chipmakers and buyers in telecoms, defence and auto sectors so suppliers develop targeted technologies. The draft will be submitted to legislators next week and remains subject to change.The copyright of this article belongs to the original author/organization.
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