EU chip plan would cost €500bn, says NXP CEO
By David Manners, ElectronicsWeekly (October 4, 2022)
The EU will need ten times more than its budget if it wants to get 20% of the world chip market by 2030, Kurt Sievers, CEO of NXP, told the Globalfoundries’ Technical Summit in Dresden.
The EU has put forward a $52 billion Chips Act to hike European market share from 10% to 20%.
“We have calculated that we would need €500 billion investment in Europe to reach the 20% market share goal formulated in the EU Chips Act,” said Sievers , “reaching 20% world market share coming from 10% requires tripling or quadrupling our capacities.”
Related Semiconductor IP
- RISC-V CPU IP
- AES GCM IP Core
- High Speed Ethernet Quad 10G to 100G PCS
- High Speed Ethernet Gen-2 Quad 100G PCS IP
- High Speed Ethernet 4/2/1-Lane 100G PCS
Related News
- NXP CEO on China, Apple Pay, IoT & V2V
- Lattice Semiconductor Announces CEO Succession Plan
- CEVA, Inc. Announces CEO Transition Plan
- Sondrel CEO steps down as chip firm faces re-organization
Latest News
- HPC customer engages Sondrel for high end chip design
- PCI-SIG’s Al Yanes on PCIe 7.0, HPC, and the Future of Interconnects
- Ubitium Debuts First Universal RISC-V Processor to Enable AI at No Additional Cost, as It Raises $3.7M
- Cadence Unveils Arm-Based System Chiplet
- Frontgrade Gaisler Unveils GR716B, a New Standard in Space-Grade Microcontrollers