Skip to main content

Advertisement

Advertisement

Business

EU aims to raise chip production to 20per cent of global supply in next 10yrs

European Union Industry Commissioner Thierry Breton said the bloc aims to increase its production of chips to 20per cent of global supply, from the current 10per cent, over the next ten years, according to comments released by Italy's industry minister after a meeting.

EU aims to raise chip production to 20per cent of global supply in next 10yrs

FILE PHOTO: European Commissioner in Charge of Internal Market Thierry Breton speaks on during a news conference on security and cybersecurity strategy at the EU headquarters in Brussels, Belgium June 23, 2021. Kenzo Tribouillard/Pool via REUTERS

ROME: European Union Industry Commissioner Thierry Breton said the bloc aims to increase its production of chips to 20per cent of global supply, from the current 10per cent, over the next ten years, according to comments released by Italy's industry minister after a meeting.

In May Breton had said the EU would commit significant funding to expand semiconductor manufacturing.

(Reporting by Giuseppe Fonte, writing by Giulia Segreti, editing by Cristina Carlevaro)

Source: Reuters

Advertisement

Also worth reading

Advertisement