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EU’s ‘Chips Act 2.0’ Set for May Release: Accelerated Funding, Subsidies to Bolster Local Semiconductor Sector
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Author：小编
The European Union’s updated ‘Chips Act 2.0’ is poised for official announcement by the end of May, with a clear focus on refining the funding allocation process, redirecting subsidies, and fortifying the region’s semiconductor ecosystem. This new iteration of the act will introduce a more streamlined regional collaboration framework, aimed at boosting the EU’s global competitiveness in the semiconductor industry. Initially, the EU’s ‘Chips Act’ set an ambitious target to elevate its share of the global semiconductor market from 10% to 20% by 2030. Nevertheless, due to hurdles such as funding shortfalls and technological gaps, the current projection indicates that the EU’s market share will likely reach only 11.7%.
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