Europe looks to secure chip supply after ‘naive’ past approach
The Peninsula
Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top government official said ahead of unveiling more details around plans to double the region’s chip production by 2030.
European Industry Commissioner Thierry Breton said it was possible to redress the imbalance, and the global chip shortage hobbling automakers and electronics suppliers was evidence that now is the time to act. "We want to come back to our former market share of production for the needs of our industry,” said Breton, the former chief executive officer of French IT giant Atos SE and France Telecom SA. Europe’s share of semiconductor manufacturing has dropped over the years because the region has been "too naive, too open,” he added in an interview.More Related News