Market Intel
european parliment

EU injects 43b with target to produce 20% of global semiconductors

The European Union Parliament and its member states reached an agreement on a landmark plan, the European Chips Act, to increase the bloc's chip industry. This initiative is intended to enable the EU to compete with the U.S. and Asia in the tech sector and secure control over a significant component of the technology used in electronic products and devices worldwide. The new regulations aim to double the EU's global market share in semiconductors to 20% by 2030, up from 10%.

Register Now

Receive trusted market insights, straight to your inbox.


Naval Power Systems

An insight into SynQor’s current power solutions.

Watch Video >