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As the European Chips Act comes into effect, it means that the European semiconductor industry finally has convenient financing channels, but subsidies for local European semiconductor companies do not seem to be equal.
In September, the European Commission issued an announcement that the European "Chips Act" officially came into effect. But behind the ambitious plan, what challenges will it face?
The U.S. CHIPS and Science Act will limit chip production capacity growth in China to 5% over 10 years, providing some relief to Samsung Electronics and SK hynix
Risto Puhakka, vice president at the U.S. based TechInsights Manufacturing Analysis, commented on the impact of U.S. CHIPS Act on China’s semiconductor industry.
U.S. is not the only one with a “chips act”, and here’s more take on Singapore, Malaysia and India from Risto Puhakka, Vice President at TechInsights Manufacturing Analysis.