Over the last few years, governments around the world have been scrambling to boost domestic semiconductor manufacturing. The reasons are many. Protecting supply chains, reducing reliance on Taiwan's TSMC, economic protectionism and national security are all valid reasons to boost domestic chip production. The EU is the latest body to take pass legislation. It's passed its own Chips Act, which allocates €43 billion ($48 billion) to support EU based semiconductor manufacturing.
The bill seeks to foster the development of a European industrial base by creating favorable conditions for investment, education, and research and development to support a healthy chip manufacturing industry over the long-term.
