The EU is ready to commit "significant" funds to expand European semiconductor manufacturing and support its computer chip supply chain, the Commissioner for internal markets, Thierry Breton, said on Thursday (20 May).
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The European Union is considering creating a semiconductor alliance including STMicroelectronics, NXP, Infineon and ASML to cut dependence on foreign chipmakers amid a global supply chain crunch, four EU officials said.
Telecoms giant Huawei is keen to work alongside European companies to help the bloc achieve ambitious new benchmarks for semiconductors by 2030, as the firm continues to face challenges resulting from US trade restrictions.