EU funding not enough to meet goal of 20% global share

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EU funding not enough to meet goal of 20% global share
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EU semiconductor investment not nearly enough, warns chip boss

Reaching 20 percent of the global semiconductor market from today's estimated 10 percent would require a tripling or quadrupling of the chip manufacturing capacity represented among EU countries, a daunting task, especially given the ambitious expansion plans of chipmakers such as TSMC elsewhere in the world.

"Once it does start, you soon see things start to happen," he said, mentioning the American government's, which has already proved successful in starting the ball rolling on an ambitious program to overhaul its own semiconductor industry.

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