US semiconductor giant Micron is to invest US$40 billion (£33 billion) during the 2020s in chip manufacturing in America, creating 40,000 jobs. This is on the back of incentives in the recent US Chips Act, which has also unlocked major investments from fellow US players Intel and Qualcomm.
The EU is also making moves to boost computer-chip manufacturing at home, having similarly decided to try and take share from Asia following the severe global semiconductor shortages over the past couple of years. Over 70% of chips are currently made in Asia, with precarious Taiwan particularly important, making around 90% of the world’s most advanced chips.
