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The EU aims to produce 20 percent of the world’s chips by 2030 in response to efforts from the US and China (Photo: tec_estromberg)

EU joins semiconductor race with €43bn plan

The European Commission on Tuesday (8 February) unveiled its multi-billion euro plan to boost European production of semiconductors — a response both to economic and geopolitical concerns amid trade tensions between the US and China.

"Securing the supply in the most advanced chips has become an economic and geopolitical priority," EU commissioner for the internal market, Thierry Breton, told a news conference.

"Europe cannot stay out of this technology race," he added.

Bret...

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

The EU aims to produce 20 percent of the world’s chips by 2030 in response to efforts from the US and China (Photo: tec_estromberg)

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Author Bio

Elena is EUobserver's Managing Editor. She is from Spain and has studied journalism and new media in Spanish and Belgian universities. Previously she worked on European affairs at VoteWatch Europe and the Spanish news agency EFE.

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