skip to content
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

There Must Be An Immediate Chips Act 2.0, Urges ESIA

- Advertisement -

In the last 40 years, Europe has not even managed to grab 15 percent of the global share in the semiconductor industry.

In an effort to win the global semiconductor chip rate-race, Europe’s major chip industry body, the European Semiconductor Industry Association (ESIA) has now urged the European Union to accelerate the investment so that the revamped Chips Act 2.0 could be launched soon. 

In a press statement, the industry body added that European chip policy backed by the EU commission should work on a couple of important areas such as lowering the export sanctions, more attention must be given on those areas where the European companies are already powerful, and subsidies/awards must be provided quickly to boost the industry. 

- Advertisement -

A dedicated ‘Chips Envoy’ responsible for the overall industrial policy approach to semiconductors is a necessity,” it said. The European semiconductor firms such as Infineon, STMicroelectronics, NXP and ASML have requested an immediate Chips Act 2.0. 

After several rounds of discussions, the first Chips Act in Europe was announced officially in 2023 equipped with a 43 billion euro subsidy plan, which is intended to augment Europe’s global semiconductor market share to 20 percent by 2030. Speaking about the growth potential, a couple of international chip experts and a German think-tank revealed that the aim set by the EU is going to be an intricate task because in the last 40 years, Europe has not even managed to grab 15 percent of the share internationally.

Some of the important ventures targeted under the first Chips Act include a 10 billion euro ($11 billion) semiconductor chip unit planned by TSMC in Dresden and a 30 billion euro project by Intel in Germany. However, Intel’s application is yet to be approved by the EU and is delayed beyond expectations. 

- Advertisement -

Most Popular Articles

The Most Popular Smartphone of 2024 Is Apple’s iPhone 15!

0
With Apple and Samsung dominating the 'Top 10', iPhone 15 becomes the most sold smartphone worldwide in 2024. Samsung claimed four spots, led by...

Tata To Complete Micron’s Sanand ATMP Facility By December 2025

0
Set to generate massive employment, Tata Projects revealed that Micron’s ATMP facility in Sanand will be completed by December 2025. After the handover, Micron...

Tata Electronics Expands Team In The US, Eyes Business Growth

0
To strengthen global client ties and drive new business growth, Tata Electronics is reportedly expanding in North America, hiring professionals across the US in...

NXP to Reduce Workforce Amid Economic And Trade Pressures

0
Amid shrinking profits and demands and EU-US trade talks, NXP plans to reduce its workforce by 5 per cent in Europe as market pressures...
Quantum Technology

Japan’s New Tech Export Controls Strain China Trade

0
While the US pushes for stricter limits on tech exports, Japan tightens export controls on semiconductors and quantum tech, sparking China’s concerns over trade...
Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...
Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones

Marut Drone-Powered Solutions For Agricultural Intelligence And Automation

0
Founded in Telangana in 2019 by CEO Prem Kumar Vislawath with co-founders Sai Kumar and Suraj Peddi, Marut Drones leverages drone technology to tackle...
EV charging station (LEV AC)

Kazam Simplifies EV Charging With Innovative Hardware And Software Solutions For All

0
Kazam, founded in Bengaluru in December 2020, took an unconventional leap from content creation to pioneering electric mobility innovations in India. Initially launched as a...

Industry's Buzz

The Most Popular Smartphone of 2024 Is Apple’s iPhone 15!

0
With Apple and Samsung dominating the 'Top 10', iPhone 15 becomes the most sold smartphone worldwide in 2024. Samsung claimed four spots, led by...

Tata To Complete Micron’s Sanand ATMP Facility By December 2025

0
Set to generate massive employment, Tata Projects revealed that Micron’s ATMP facility in Sanand will be completed by December 2025. After the handover, Micron...

Tata Electronics Expands Team In The US, Eyes Business Growth

0
To strengthen global client ties and drive new business growth, Tata Electronics is reportedly expanding in North America, hiring professionals across the US in...

NXP to Reduce Workforce Amid Economic And Trade Pressures

0
Amid shrinking profits and demands and EU-US trade talks, NXP plans to reduce its workforce by 5 per cent in Europe as market pressures...
Quantum Technology

Japan’s New Tech Export Controls Strain China Trade

0
While the US pushes for stricter limits on tech exports, Japan tightens export controls on semiconductors and quantum tech, sparking China’s concerns over trade...

Learn From Leaders

Khushal Panchal,  chief operating officer (COO), PCB Power

“We Differentiate Ourselves By Producing Radio Frequency PCBs For Wireless Communication Devices” – Khushal...

0
With technology and policy support, Indian PCB manufacturing is at a turning point. Can innovation and scale match global giants? PCB Power leads the...
Jayesh Ranjan IAS, Special Secretary, Department of Industries and Commerce and ITE&C, Government Of Telangana

“To Compensate For Telangana’s Lack Of A Wet Port,Our Incentives Help ESDM And Semiconductor...

0
Despite logistics challenges, how is Telangana securing billion-dollar investments in electronics? Will the state unveil a new semiconductor policy soon? Jayesh Ranjan, IAS, from...
Shrinivas Kulkarni CFO, Cyient DLM

“Acquisitions That Help Address Gaps In Our Design Capabilities….. Interest Us” – Shrinivas Kulkarni,...

0
Over the past five years, Cyient DLM (formerly Rangsons Electronics), a subsidiary of Cyient Limited, has rapidly expanded its footprint in the design-led manufacturing...
Akshay-Kashyap-of-Greenfuel-Energy

“Many Companies Avoid Pack Testing And Validation Because It Is Time-Consuming” – Akshay Kashyap,...

0
Battery pack reliability goes beyond cell quality—it relies on precise engineering, thorough testing, and tailored thermal management. In a conversation with EFY’s Nitisha Dubey,...
Sambit Parida, CTO and Co-Founder of IG Drones

“If A Hacking Attempt Is Detected, The System Automatically Secures Or Erases Critical Data...

0
From handling defence-specific tasks with or without human intervention to withstanding extreme weather, how capable are drones? What if someone tries to hack sensitive...

Startups

Union Budget 2025-26: What It Has For The Electronics Sector?

0
With reduced and exempted duties, tax relief for manufacturing, and increased support for startups, this Budget addresses a broader range of issues within the...

IndiaAI Mission Expands To 18,693 GPUs For R&D

0
Aiming to support R&D and ethical AI, Union Minister Ashwini Vaishnaw announced the expansion of IndiaAI’s GPU infrastructure to 18,693 to benefit startups and...
Sambit Parida, CTO and Co-Founder of IG Drones

Innovative Drone Technologies from IG Drones Driving Efficiency Across Sectors

0
Haryana-based IG Drones develops advanced surveillance, agriculture, and defence technologies, focusing on improving adaptability and operational precision. Founded in 2018 by Om Prakash and Bodhisattwa...
Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones

Marut Drone-Powered Solutions For Agricultural Intelligence And Automation

0
Founded in Telangana in 2019 by CEO Prem Kumar Vislawath with co-founders Sai Kumar and Suraj Peddi, Marut Drones leverages drone technology to tackle...
EV charging station (LEV AC)

Kazam Simplifies EV Charging With Innovative Hardware And Software Solutions For All

0
Kazam, founded in Bengaluru in December 2020, took an unconventional leap from content creation to pioneering electric mobility innovations in India. Initially launched as a...