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EU Urged to Invest €20 Billion to Secure Chip Market

5/7/2025

27 5

Summary

Story summary

The European Union faces a critical challenge in the semiconductor race, with industry group SEMI urging a boost in funding. They advocate for a robust €20 billion investment in a "Chips Act 2.0" to consolidate fragmented national initiatives. Without this strategic move, Europe risks dwindling to a mere 11.7% of the global chip market by 2030, jeopardizing its competitive edge.

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Story summary

The European Union faces a critical challenge in the semiconductor race, with industry group SEMI urging a boost in funding. They advocate for a robust €20 billion investment in a "Chips Act 2.0" to consolidate fragmented national initiatives. Without this strategic move, Europe risks dwindling to a mere 11.7% of the global chip market by 2030, jeopardizing its competitive edge.