Group of EU states seeks faster progress in chips industry [Yahoo! Finance Canada]
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Source: Yahoo! Finance Canada
That act, currently under review, failed to meet key goals but is regarded as having prevented a deterioration of Europe's industry in the face of larger state support programmes in the United States and China. A frequent criticism is that the process, which featured states providing funding and the European Commission approving projects, was too slow. Beljaarts said the point was to become more targeted the second time around. "We need to allocate funds," Beljaarts said. "Both private and public funds to push the sector, also to make sure that the trickle-down effect takes place and that (small and medium-size) companies also benefit." He said that while Europe had top R&D and equipment players, including powerhouse ASML, gaps included chip packaging and advanced production, following Intel's shelving of plans to build a cutting-edge factory in Germany. The coalition is examining "what the internal demand would be from European countries ... so that companies know it's wor
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