Europe Sets Sights on Global Semiconductor Domination

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Europe sets sights on global semiconductor domination.

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The new EU Chips Act plans to invest in the future of semiconductors.

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Countries around the world are investmenting more when it comes to chip production, due to global chip shortage.

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They have recently started setting up its new production factory.

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Governments are also investing billions into easing the shortage.

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Now they will also help with the global semiconductor demand.

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They want to regain global leadership in semiconductors.

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They had a fairly strong semiconductor industry up until sometime in the 1980s.

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They are now also joining the race for semiconductor dominance.

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They are investing €11 billion for chip creation.

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They will spend around $70 billion USD over the next ten years.

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In 2030 chips could be entirely different, hybrid particle magnetic semiconductors.

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