EU aims to raise chip production to 20% of global supply in next 10yrs

News conference on security and cybersecurity strategy at the EU headquarters in Brussels
FILE PHOTO: European Commissioner in Charge of Internal Market Thierry Breton speaks on during a news conference on security and cybersecurity strategy at the EU headquarters in Brussels, Belgium June 23, 2021. Kenzo Tribouillard/Pool via REUTERS

July 13, 2021

ROME (Reuters) – European Union Industry Commissioner Thierry Breton said the bloc aims to increase its production of chips to 20% of global supply, from the current 10%, over the next ten years, according to comments released by Italy’s industry minister after a meeting.

In May Breton had said the EU would commit significant funding to expand semiconductor manufacturing.

(Reporting by Giuseppe Fonte, writing by Giulia Segreti, editing by Cristina Carlevaro)