Europe is not particularly known as a major hub of the semiconductor world, but – if the European Commission gets its way – it will be. The Commission has launched a major seven-year drive to stimulate investment in the microelectronics and nanoelectronics manufacturing sector, aiming to ramp up to a fifth of global production by the end of the decade.
The news of the new EU industrial strategy came just a couple of days after the Geneva-headquartered, French-Italian manufacturer STMicroelectronics launched its own three-year project, worth €360 million ($463 million), aimed at creating a European microelectronics design ecosystem based around its fully-depleted silicon-on-insulator (FD-SOI) manufacturing process.
Some in the industry, such as chipmaker GlobalFoundries, have previously urged European authorities to back electronics manufacturing on the continent in order to counteract the vast influence of Asia and (to a lesser extent) the U.S. in this field.
Read more: Europe wants to be big in chip manufacturing — Tech News and Analysis
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