23 May '13, 12pm

Europe launches $12 billion chip support campaign: via @eetimes

BRUSSELS, Belgium – The European Commission has launched a campaign of public investment in micro- and nanoelectronics with the aim of doubling chip production on the continent to around 20 percent of global production. The plan is to channel more than 5 billion euro (about $6.4 billion) of public authority money into research, development and innovation over the next seven years to match a similar amount of investment from the companies supported by the plan. However, the spending is likely to be spread across the whole semiconductor supply chain and cannot be used to simply lower the cost of capital or buy production equipment due to anti-subsidy commitments. European Commission vice president Neelie Kroes said: "Others are aggressively investing in computer chips and Europe cannot be left behind. We have to reinforce and connect our existing strongholds and develop new ...

Full article: http://www.eetimes.com/electronics-news/4415021/Europe-la...

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