EU chief outlines ambitious plan to boost bloc’s chipmaking

Sep 15, 2021, 4:48 AM | Updated: 5:01 am

LONDON (AP) — The European Union’s top official outlined ambitious plans to help beef up the bloc’s chipmaking capability in the face of intensifying global competition for semiconductors.

European Commission President Ursula von der Leyen unveiled the European Chips Act on Wednesday to provide official support for the bloc’s “chip ecosystem” so that the continent can stand on its own when it comes to producing the vital technology.

Semiconductors are the tiny microchips that act as the brains for everything from smartphones to cars, and an extended shortage has highlighted the importance of chipmakers, most of which are based in Asia, to global supply chains. Automakers have been among the hardest hit by the shortage, which has slowed or halted production.

“While global demand has exploded (for chips), Europe’s share across the entire value chain, from design to manufacturing capacity has shrunk,” von der Leyen said in a self styled State of the European Union address to the bloc’s parliament in Strasbourg. “We depend on state-of-the-art chips manufactured in Asia.”

Europe’s Chips Act will link research, design and testing, and coordinate EU and national investment, she said.

“The aim is to jointly create a state-of-the-art European chip ecosystem, including production,” which will ensure a secure supply of chips, she said. She didn’t specify whether financial support would be given.

The U.S. has also been stepping up efforts to bolster the industry, and lawmakers approved a bill earlier this year with the goal of boosting domestic semiconductor production, part of a wider rivalry with China over trade and technology.

Von der Leyen said chipmaking is also important for Europe’s “tech sovereignty” – the idea that the EU should be more self-sufficient and rely less on U.S. or Chinese tech.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Associated Press

3 injured in shooting at amusement park near Chicago

GURNEE, Ill. (AP) — Three people were injured late Sunday in a shooting at an amusement park north of Chicago. Three people were hurt in a parking lot outside Six Flags Great America in Gurnee when shots were fired from a vehicle, according to a spokesperson for the park, which is located about 45 miles […]
21 hours ago
A motorist pumps gasoline at United Oil gas station in Los Angeles Friday, Aug. 12, 2022. The avera...
Associated Press

Average US gasoline price falls 45 cents to $4.10 per gallon

CAMARILLO, Calif. (AP) — The average U.S. price of regular-grade gasoline plummeted 45 cents over the past three weeks to $4.10 per gallon. Industry analyst Trilby Lundberg of the Lundberg Survey said Sunday that the continued decline comes as crude oil costs also remain low. “The drop of a dollar per gallon has not been […]
21 hours ago
FILE - Actress Anne Heche poses for a portrait to promote the film, "The Last Word" during the Sund...
Associated Press

Anne Heche, star with troubled life, dies of crash injuries

LOS ANGELES (AP) — Anne Heche, the Emmy-winning film and television actor whose dramatic Hollywood rise in the 1990s and accomplished career contrasted with personal chapters of turmoil, died of injuries from a fiery car crash. She was 53. Heche was “peacefully taken off life support,” spokeswoman Holly Baird said in a statement Sunday night.. […]
21 hours ago
FILE - An iPhone displays the Facebook app in New Orleans, Aug. 11, 2019. Facebook failed to detect...
Associated Press

Strike four: Facebook misses election misinfo in Brazil ads

Facebook failed to detect blatant election-related misinformation in ads ahead of Brazil’s 2022 election, a new report from Global Witness has found, continuing a pattern of not catching material that violates its policies the group describes as “alarming.” The advertisements contained false information about the country’s upcoming election, such as promoting the wrong election date, […]
21 hours ago
A Japanese flag flutters at the Bank of Japan headquarters in Tokyo on July 29, 2022. Japan’s eco...
Associated Press

Japan ekes out growth as consumers splurge amid COVID surge

TOKYO (AP) — Japan’s economy grew at an annual rate of 2.2% for the April-June quarter from the previous quarter, the government said Monday, as consumer spending rebounded with COVID-19 restrictions getting gradually lifted. Japan’s gross domestic product, or GDP, the sum of the value of a nation’s products and services, expanded 0.5% from January-March, […]
21 hours ago
Associated Press

Second fatal shooting this month near George Floyd Square

MINNEAPOLIS (AP) — One man died and another was seriously hurt in the second fatal shooting this month near the intersection where George Floyd died in police custody more than two years earlier. Minneapolis Police spokesman Officer Garrett Parten said officers found two wounded men with life-threatening injuries Sunday afternoon near the intersection in south […]
21 hours ago

Sponsored Articles

...
Sanderson Ford

Don’t let rising fuel prices stop you from traveling Arizona this summer

There's no better time to get out on the open road and see what the beautiful state of Arizona has to offer. But if the cost of gas is putting a cloud over your summer vacation plans, let Sanderson Ford help with their wide-range selection of electric vehicles.
(Courtesy Condor)...
Condor Airlines

Condor Airlines shows passion for destinations from Sky Harbor with new-look aircraft

Condor Airlines brings passion to each flight and connects people to their dream destinations throughout the world.
...
CANVAS ANNUITY

Best retirement savings rates hit 4.30%

Maximize your retirement savings with guaranteed fixed rates up to 4.30%. Did you know there is a financial product that can give you great interest rates as you build your retirement savings and provide you with a paycheck for life once you retire? It might sound too good to be true but it is not; this product is called an annuity.
EU chief outlines ambitious plan to boost bloc’s chipmaking