The aim of the coalition is to update the current CHIPS law and to accelerate the development of the semiconductor industry on the continent. European MPs, Industrial Associations and Companies advocate the “CHIPS Law 2.0 ği, which should have access to critical technologies, accelerate approval processes and develop skills and financing in the production chain.
The first CHIPS law led to an increase in investment, but after Intel refused to build a large facility in Germany, it could not withdraw the production of advanced chips. Now the coalition proposes not only to reach 20% of the world market share, but also to revise the strategy to focus on key technologies and accelerated development of the industry.
The declaration signed more than 50 companies including NVIDIA, ASML, Intel, Stmicroelectronics and Infineon. The semi -representatives said the EU should allocate a separate budget for semiconductors and increase the costs in the sector significantly. According to estimates, by 2030, the European can take about 11.7%of the global chip value, which is 9.8%higher than the current, but significantly less than 20%at the beginning.
Source: Ferra
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