Leading European research labs will receive 2.5 billion euros (US$2.72 billion) in funding under the European Chips Act to set up a pilot line that will develop and test future generations of advanced semiconductors, Belgium’s imec said on Wednesday.
The 43-billion-euro Chips Act was announced in 2022 and established last year by the European Union (EU) to support domestic semiconductor manufacturing, a counterbalance to plans by China, the United States and other governments to shore up their own industries following shortages during the Covid-19 pandemic.
Source: TRADE FINANNCE
