The European Union is dealing with the problem of semiconductor chip supply, one of the biggest technological crises of recent years. According to the latest agreement signed at the European Commission, $ 46.6 billion will be invested in 27 countries to finance chip production.
EU allocates $46.6 billion in financing for chip crisis
According to the latest news in Reuters, the European Union wants to reduce its semiconductor chip dependency on the USA and China. The investment of 46.6 billion dollars to be made in 27 European countries passed the approval of the European Commission the other day.
The law is expected to be passed with a vote on 1 December. Ministers from 27 countries want to solve the global chip shortage and supply chain problem. The $46 billion investment is expected to impact the automakers, healthcare and telecom industries.
The European continent, which had a share of 24 percent in chip production in 2000, produces only 8 percent today. Within the scope of this financing, the EU aims to create 20 percent of the global chip capacity of the European continent by 2030.
The EU also stated that it will request a certain amount of information from the companies to be financed. Stating that the production process should be safety-oriented, the European Commission will not allow the company’s powers to be “unlimited”.
The ongoing chip crisis all over the world has negatively affected the production of phones, tablets, cars and many other electronics. We have seen that countries and companies that do not want to face the problems experienced again make record investments.
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