World players in chip production such as Taiwan’s TSMC are soon going to feel competition from the EU which wants to ramp up its own chip production/Taiwan Semiconductor Manufacturing Co., Ltd.
The European Parliament and EU member states have agreed on a plan to produce more chips in Europe and become less dependent on Asia. “Europe is taking control of its destiny”, is how Internal Market Commissioner Thierry Breton hailed the breakthrough. With the so-called Chips Act, the EU aims to increase its share of global
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