Semiconductor production in the European Union should double by 2030, Internal Market Commissioner Thierry Breton told Belgian daily De Tijd.
The EU will offer the semiconductor industry “the same support as the U.S. and Japan,” Breton said in an interview with the newspaper, referencing the forthcoming European Chips Act as the framework for investment. The bloc won’t rule out financial aid, which is permitted under its antitrust rules, he said.
US chip giant Intel plans to disclose the location of its multi-billion-dollar European site as soon as the end of the year, Intel Chief Executive Officer Patrick Gelsinger said in October. He has predicted that the global chip shortage will last until 2023. The EU will unveil its European Chips Act in the first half of next year as part of a strategy to boost semiconductor production. It
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Chamber of Commerce Sues to Overturn FTC Non-Compete Ban
Apr 24, 2024 by
CPI
FTC Chief Warns of Healthcare Price Fixing Risks Amid Tech Advancements
Apr 24, 2024 by
CPI
Amazon’s Investment in Anthropic Faces Antitrust Scrutiny
Apr 24, 2024 by
CPI
Italian Antitrust Authority Fines Amazon €10 Million for Unfair Trade Practices
Apr 24, 2024 by
CPI
Tuta Mail Raises Alarm Over Google Search Ranking Plunge Amidst DMA Rollout
Apr 24, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI