The European Parliament has signed off a legislative deal intended to boost the EU’s semiconductor industry, including by allocating €3.3 billion for research and innovation.
After the groundbreaking U.S. Chips Act and massive government subsidy for electronics manufacturing, will the U.S. see another chips shortage?
To avoid electronics supply-chain disruptions, you may also wish to consult an expert in electronics component supply. With more than three decades of supply-chain expertise, Astute Electronics is ideally placed to work with you on your daily component requirements.
The move is part of the EU plan to lessen its dependence on chips made in Asia and the United States. EU ministers are to meet on December 1 to effectively rubber stamp the chip plan. However, the plan will still need to be debated with the European Parliament before it can become law.
Fears the Biden administration’s latest tech controls on China threaten to accelerate a US semiconductor revenue decline and throw the global semiconductor sector into disarray are emerging across the news.
Goldman Sachs has weighed in on President Biden's CHIPS Act, saying the deal isn't that big a deal - not unless there's a huge international conflict between chip-making countries.
"Just shy of 80% of semiconductor chips are now made in Asia. The Covid-19 pandemic showed the dangers of having too many eggs in that basket. The ongoing chip shortage has many causes, but this overweight geographic focus was certainly prominent among them.
President Joe Biden is preparing to sign a $280 billion bipartisan bill to boost U.S. domestic high-tech manufacturing, part of his administration's push to boost U.S. competitiveness over China.
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