The European Semiconductor Industry Association (ESIA) has formally requested additional public funding to further support the semiconductor sector, enhancing policy influence and strategic planning for upcoming projects.
ESIA is advocating for a 'Chips Act 2.0' which should ensure robust funding mechanisms to help Europe achieve its ambitious target of doubling its semiconductor market share to 20% by 2030.
Several projects funded by the original €43 billion Chips Act are in progress, yet ESIA warns that extra funding is essential to maintain momentum and competitiveness in global semiconductor markets.
The group's push for an immediate 'Chips Act 2.0' emphasizes that the existing state aid regime must be modernized to protect and support European semiconductor companies against international competition.
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