Thursday, September 28, 2023

More EU Members Join Forces To Amplify Local Chip Production 

By ET Bureau - April 30, 2021 1 Mins Read

More EU Members Join Forces To Amplify Local Chip Production

Thierry Breton, The European industry chief has recently announced regarding the EU approach to AI that there are now 22 EU member states joining the forces. 

This is in a new alliance to support the local development and production of semiconductors to reduce the reliance on the bloc’s from foreign suppliers.

In Berlin following the meeting with Peter Altmaier, Economy Minister of German, Breton stated that underlined the European Commission’s goal to double Europe’s market share for global chips and semiconductor production. There will be around a 10% to 20% increase by 2030.

Source: Reuters


ET Bureau

The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.

Subscribe To Newsletter

*By clicking on the Submit button, you are agreeing with the Privacy Policy with Enterprise Talks.*