A coalition of nine EU countries, led by the Netherlands, is working to enhance the European chip industry by developing a new funding program as a follow-up to the previous Chips Act, which has faced criticism for not meeting its goals. With key member states including Italy, France, Germany, and Spain, the coalition aims to address production capacity, financial support, and workforce training. The coalition's efforts come in response to gaps in chip manufacturing and the need for strategic investment to support local companies and meet internal demand.
The coalition aims to bolster the European semiconductor industry by presenting proposals for a second EU funding program while enhancing production capacity and training.
Beljaarts states, "We need to allocate funds, both private and public funds to push the sector, also to make sure that the trickle-down effect takes place."
The Semicon Coalition intends to address gaps in chip packaging and production, emphasizing the necessity for local companies to invest based on European demand.
The current Chips Act has been criticized for its slow processes. The coalition's objective includes more focused funding allocation to promote industry growth.
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