The initiative is an attempt by European countries to compete with the United States and Asia
A European Union (EU) approved this Wednesday 19 a subsidy plan of 43 billion euros (about R$ 240 billion) to encourage the semiconductor industry on the continent, the news agency reported Reuters.
The initiative is an attempt by European countries to compete for the market with the United States and Asia and start a “green industrial revolution,” the news agency said.
According to Reuters, since the announcement of its plan last year, the EU has already attracted around 100 billion euros (R$556.2 billion) in public and private investment.
In an interview with Reuters, Paul Triolo, an expert on China and technology at the Washington-based Center for Strategic and International Studies, said the EU’s biggest challenge will be attracting supply chains to the continent.
“The key part of the equation that the EU will need to fix, as well as the US, is how much of the supply chains that support industry can be transferred to the EU and at what cost,” Triolo told the news. .
Originally, the European Commission proposed funding only chip factories. However, EU governments and lawmakers have decided to broaden the scope to cover the entire value chain, including older chips and research and design facilities.
Source: Terra
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