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.”
To read the full article, click here
Related Semiconductor IP
- SHA-256 Secure Hash Algorithm IP Core
- EdDSA Curve25519 signature generation engine
- DeWarp IP
- 6-bit, 12 GSPS Flash ADC - GlobalFoundries 22nm
- LunaNet AFS LDPC Encoder and Decoder IP Core
Related News
- Lattice Semiconductor Announces CEO Succession Plan
- CEVA, Inc. Announces CEO Transition Plan
- Seligman Ventures Leads Cognichip’s $60M Series A to Back Physics-Informed AI for Chip Design, Intel CEO Lip-Bu Tan and Seligman Ventures’ Umesh Padval Join the Board
- TSMC, Bosch, Infineon, and NXP Establish Joint Venture to Bring Advanced Semiconductor Manufacturing to Europe
Latest News
- SiMa.ai Secures Strategic Investment from Micron to Scale High-Performance, Power-Efficient Physical AI
- Codasip announces strategic pivot and divestiture
- UMC Reports Sales for March 2026
- Semidynamics Secures a Strategic Investment to Advance Memory-Centric AI Inference Chips
- Ultra Accelerator Link™ (UALink™) Consortium Publishes Four Specifications Defining In-Network Compute, Chiplets, Manageability and 200G Performance