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EU governments seek new strategy to boost chip production

By Matthew Newman and Luca Bertuzzi ( May 9, 2025, 16:18 GMT | Insight) -- EU governments plan to call on the bloc’s executive arm to develop a new strategy to meet the EU’s goal of reaching its target of 20 percent of global chip share, MLex has learned. A report last year by former European Central Bank President Mario Draghi found that the EU’s production has dropped from about 20 percent of global production to less than 10 percent today, the report found.EU governments plan to call on the bloc’s executive arm to develop a new strategy to meet the EU’s goal of reaching its target of 20 percent of global chip share, MLex has learned....

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