The European Union is investing 525 million euros to support a new generation of European chip design companies. heise online reports this, citing the EU. The European chip design platform, now launched, is a key initiative under the EU Chips Act.
Background
According to the EU, European chip design companies currently generate less than one percent of global chip design revenue. The report says this also disadvantages chip manufacturing in Europe.
What the platform is meant to offer
Chip design companies are to gain access to design tools, support services, intellectual property rights and manufacturing capacity. The goal is to build and strengthen European design capabilities for advanced chips and to catch up with the United States and China.
Assessment
The source describes the funding as a programme announcement; how the 525 million euros will be distributed and which companies will benefit is not stated in the report. For German companies in the chip and electronics sector, the platform could make access to tools and manufacturing easier, provided they can take part in the programme.
Sources
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