Good news on the European semiconductor front! On Tuesday, January 24th, members of the European Parliament (MEPs) backed plans to secure the European Union supply of chips by boosting production and innovation, as well as setting up emergency measures against shortages. Europe’s share in global semiconductor production capacity is currently below 10%. The EU’s legislative
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In the wake of the COVID pandemic, the chip shortage has wreaked havoc amid the global supply chain and disrupted production in many industry sectors, crippling the global economy for the past two years. In an attempt to address capacity constraints, governments everywhere have been offering attractive incentives to lure the world’s largest chip makers
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In a historic ceremony held in the Rose Garden of the White House today August 9th, 2022, President Joe Biden delivered remarks and signed into law the long-awaited CHIPS and Science Act of 2022, a $280 billion bipartisan bill to boost domestic high-tech manufacturing, part of his administration’s push to boost U.S. competitiveness over China. The ceremony
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On July 29, 2022, the CHIPS for America Act was adopted by the U.S. Congress – a monumental piece of legislative news for the U.S. semiconductor industry. It is expected to be signed into law by President Joe Biden before Congress heads into recess in August. The bill provides a 25% tax credit for U.S.
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At this year’s Industry Strategy Symposium (ISS) 2022 that took place early April, SEMI reported that the global chip industry was demonstrating extraordinary growth boosted by the digitization of global economies and a surge in semiconductor demand. According to the latest forecasts, the semiconductor market is on track to reach $1 trillion by 2030 –
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