European Union Finally Approves $47.5 billion Chips Act To Boost Chip Manufacturing
European Union Finally Approves $47.5 billion Chips Act To Boost Chip Manufacturing
Staff
Wed, 07/26/2023 - 13:57
The purpose of approving the new CHIPS act is to magnetize more investments and boost R&D in the EU nations
After several months of discussions, the European Union has finally approved the much-awaited $47.5 billion incentive plan to boost more fabs and escalate semiconductor manufacturing in the EU nation. The incentive plan is expected to augment the semiconductor industry’s market to 20 percent from the current 10 percent by the end of 2030.
[original story: Circuit Digest]