SHANGHAI: The United States’ and the European Union’s (EU) multi-billion-dollar plans to support their semiconductor industries will fuel global competition in the strategically important sector, and China needs to double down to achieve breakthroughs in core chipmaking technologies, experts say.
The comments came after the European Commission announced a new European Chips Act earlier last week that involves more than �43bil (US$49bil or RM204.47bil) in public and private funding, with a goal of doubling the EU’s share of global chip production from 9% to 20% by 2030.
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