Hong Kong Yatexin Electronics Co., LtdAbout UsRm 705, 7/F, Fa Yuen Comm Bldg, No. 75-77, Fa Yuen Street, Mong Kok, Kln, Hong KongHeadquartered in Shenzhen, China with branch in Hong Kong, China, Hong Kong Yatexin Electronics Co., Ltd. is recommended to be a leader and innovator in professional distribution of Electronic Components. We specialized in providing passive board level components to OEMs and CEMs. Luckvenie has been always customer-driven and quality focused. We offer a wide selection of electronic components in stock with 24/7 order processing and rapid delivery.Hong Kong Yatexin Electronics Co., LtdAbout UsRm 705, 7/F, Fa Yuen Comm Bldg, No. 75-77, Fa Yuen Street, Mong Kok, Kln, Hong KongHeadquartered in Shenzhen, China with branch in Hong Kong, China, Hong Kong Yatexin Electronics Co., Ltd. is recommended to be a leader and innovator in professional distribution of Electronic Components. We specialized in providing passive board level components to OEMs and CEMs. Luckvenie has been always customer-driven and quality focused. We offer a wide selection of electronic components in stock with 24/7 order processing and rapid delivery.Hong Kong Yatexin Electronics Co., LtdHong Kong Yatexin Electronics Co., LtdHong Kong Yatexin Electronics Co., LtdHong Kong Yatexin Electronics Co., LtdHong Kong Yatexin

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The EU Approves 8.1 Billion euros In Public Funds To Support Chip Research And Development

The EU Approves 8.1 Billion euros In Public Funds To Support Chip Research And Development

June 14 , 2023 0

The EU approves 8.1 billion euros in public funds to support chip research and development

The European Commission has recently approved €8.1 billion in public funds to support chip research and development. This funding is set to pave the way for innovation and boost competitiveness in the electronics sector. The initiative aligns with the EU's goal of achieving autonomy in critical technologies and strengthening the competitive edge of its industries. The funding will go towards several sectors, including automotive, healthcare, and computing, and it will enable Europe to develop its semiconductor industry and bridge the gap with other regions globally. This investment in chip technology will enable Europe to take control of its technological future, transform the economy, and create new high-skilled jobs. The EU's approval of public funds for chip research and development demonstrates its commitment to driving innovation and remaining at the forefront of technological advancements.

Member States include Austria, Czech Republic, Finland, France, Germany, Greece, Ireland, Italy, Malta, Netherlands, Poland, Romania, Slovakia and Spain. The Member States will provide €8.1 billion in public funding and are expected to release an additional €13.7 billion in private investment in the future.

Companies such as Intel, Infineon, STMicroelectronics, GlobalFoundries, and Wolfspeed have announced new investments so far. TSMC is also considering building a production base in Germany.

To promote the development of the EU semiconductor industry, the EU approved the "EU Chips Act" involving €43 billion in subsidies in April this year, which aims to develop the EU semiconductor supply chain to avoid chip shortages in important industries such as automobiles, and compete with American and Asian counterparts, planning to produce 20% of the world's semiconductors by 2030.

EU Chips Act

The EU Chips Act is a new European Union legislation designed to increase investment and production in the semiconductor industry. The law aims to boost European tech self-sufficiency and counter the global supply chain's reliance on Asian manufacturing. This article provides an overview of the EU Chips Act, including its goals, provisions, and implications for the European technology market. Industries affected by this act need to adjust their supply chains and monitor compliance standards. The EU Chips Act provides incentives for designing and manufacturing semiconductors that meet EU standards, promoting its industry's growth and global competitiveness.