EU will spend €43 billion to stay competitive on chip production

[Kent Sharkey]

The Verge[^]:

The European Union is moving ahead with huge plans to overhaul chip manufacturing in the 27-member bloc with the Chips Act.

Canada is going to have to up their poutine game

What? No lawsuit attached to that bill?

[Nelek]

Quote:

EU will spend €43 billion to stay competitive on chip production

and by the time they really put that money into movement and start something with it, value after inflation will be the half, and they will then need 4x times more to catch up lost time in between :sigh: :sigh: :sigh:

M.D.V. ;) If something has a solution... Why do we have to worry about?. If it has no solution... For what reason do we have to worry about? Help me to understand what I'm saying, and I'll explain it better to you Rating helpful answers is nice, but saying thanks can be even nicer.

[obermd]

Excellent. Currently chip production is pretty much monopolized by Taiwan, South Korea, and to a lesser extent, China. For something so critical for our civilization this is a bad move for both political and environmental reasons. Chip production needs to be a worldwide effort so if there is a disruption in one area we don't bring our civilization to a screeching halt.