Motorcycle manufacturers reported issues with the semiconductors supply chain as far back as February, 2021. While brands continue to adapt to the chip shortages, German technology company Bosch has supported more semiconductor production in the European Union (EU) and President Biden has pushed for the same in the States. Now, the EU is prioritizing similar policies with the European Chips Act.
If adopted, the initiative will utilize €43 billion ($47 billion USD) in public and private investments to double the EU’s semiconductor market share to 20 percent by 2030. In addition to supporting the continent’s research, technology, and design resources, the bill will help establish a robust chip manufacturing and packaging sector.
