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EU should quadruple semiconductor spending, industry group says

Channel News Asia LogoChannel News Asia7h ago

EU should quadruple semiconductor spending, industry group says - Channel News Asia

Quick Summary:

AMSTERDAM: The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday (May 6) in its official response to EU consultations for its upcoming investment budget.

Cutting-edge and AI chips, along with quantum technologies, were some of the gaps the industry group identified in its response.

FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022.


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EU should quadruple semiconductor spending, industry group says - Channel News Asia (Picture 1)EU should quadruple semiconductor spending, industry group says - Channel News Asia (Picture 2)

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Article Details

Category: EconomyBusiness

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-06 @ 16:07:00 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 427 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 28435043

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About Channel News Asia

Channel News Asia Logo

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 62 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 23 minutes ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #27

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