Specifically, the announcement comes afterChinas recent export controlson gallium and germanium, two metals critical for semiconductor manufacturing.
Chips Act massively adopted!
The EU#ChipsActwill be an instrument of technological and industrial leadership for Europe ?
There is no industrial policy without#factoriesand without#semiconductors.
First off, to attract investments in research, innovation, and chip development.
Second, to increase production sites within the blocs borders and strengthen domestic manufacturing capacity.
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Another important component is the implementation of a crisis response mechanism to address supply problems.
The act is now pending the Councils endorsement to become law.
Story byIoanna Lykiardopoulou
Ioanna is a writer at TNW.
With a background in the humanities, she has a soft spot for social impact-enabling technologies.
