Chips Act

A collection of 2 posts

Onsemi invests USD 450mn in semi-conductor foundry in Czechia

1 min read Czech Republic, Economy, Chips Act, czechia, electric vehicles

Onsemi inaugurated the expansion of its silicon carbide (SiC) semiconductor fabrication plant in Roznov, east Czechia, on Wednesday. The USD 450mn investment will create 200 jobs and increase onsite SiC production capabilities 16-fold over the next two years. The Arizona-based semiconductor supplier makes SiC power devices for electric vehicles and

EU plans to boost semiconductors to the tune of EUR 43bn

2 min read Czech Republic, Economy, Lithuania, Slovakia, Chips Act, microchips, semi-conductor, Taiwan

The European Commission (EC) unveiled legislation designed to double Europe’s share of the semiconductor industry yesterday. The so-called Chips Act addresses supply-chain shortages in the EU’s tech sector. Having assigned EUR 11 billion for the package, the EU aims to raise EUR 43 billion overall and gain a