EU to invest EUR45 billion to support chip production

European commissioner for internal market Thierry Breton will announce the EU Chip Act on Tuesday.Asian Metal Copyright The goal is to increase the EU's share of global chip production from the current 10% to 20% by 2030.Asian Metal Copyright According to the bill, the EU will invest around EUR45 billion by 2030 to support chip production, pilot projects and start-ups, most importantly building large-scale chip manufacturing plants.Asian Metal Copyright .Asian Metal Copyright Specifically speaking, EUR30 billion will be used to promote the development of chip industry and EUR12 billion will be invested in pilot projects such as quantum chip projects.Asian Metal Copyright According to the bill, the EU will invest around EUR45 billion by 2030 to support chip production, pilot projects and start-ups, most importantly building large-scale chip manufacturing plants.Asian Metal Copyright The goal is to increase the EU's share of global chip production from the current 10% to 20% by 2030.


.Asian Metal CopyrightEuropean commissioner for internal market Thierry Breton will announce the EU Chip Act on TuesdayAsian Metal Copyright