ZVEI: EU must set pace for Chips Act

The ZVEI fears that Europe will miss its expansion targets in the semiconductor market if the EU does not act faster and mobilize more money. It said Europe is in danger of being left behind, in part because the effects of the EU Chips Act are arriving too late. „It is a fact that Europe will not be able to maintain itself as a semiconductor region if the necessary framework conditions for investment in Europe are not installed immediately,“ Wolfgang Weber, Chairman of the ZVEI board of directors, said Tuesday during an outlook on trends and opportunities in the semiconductor market.