Semiconductor Production at Globalfoundries Europe Plant

“The EU has an ambitious goal of producing 20% of the world’s chips by 2030 — a move that requires the bloc quadruple its semiconductor production in just eight years. Internal Market Commissioner Thierry Breton has said the EU’s plans will be “commensurate” with the $52 billion recently announced by the U.S. to fund its own chip supply chain. ”

Source : EU Faces Funding, State Aid Hurdles With $48 Billion Chips Act – Bloomberg