Some countries in Europe would like to expand the range of reasons for obtaining subsidies for chip production

Some countries in Europe would like to expand the range of reasons for obtaining subsidies for chip

By February this year, it had become clear that the EU wanted to form a fund totalling Euro45 billion, from which funds would be allocated to finance the construction of a region-specific semi-conductor component industry by the end of the decade. It is now apparent that some EU member countries would like to expand the list of criteria for the allocation of subject-matter subsidies.

According to Reuters, some EU countries are not satisfied with the current wording of the bill, and it is now understood that priority in funding will be given to the "first-in-a-kind" enterprises that are to be built within Europe. In addition to the initial 30 billion euros of government subsidies, the fund will be replenished from combined sources, including private capital, with an additional amount of Euro15 billion.

According to source data, some countries in the region would prefer to receive subsidies for the construction of enterprises that will focus on the production of components already offered by local producers; they may not use the most advanced lithography and characteristics, but may be used by the local industry; such an initiative is being promoted by the Czech Republic, which is currently chairing the EU; the expansion of the criteria for selecting projects for subsidies could, in the view of the initiative ' s authors, allow some countries to increase the local production of components for the same automobile industry.

In the current version, the bill insists on the uniqueness of the products to be produced by subsidized enterprises: the chips in question should either provide a breakthrough level of speed, have an unprecedented level of protection, or demonstrate high energy efficiency or otherwise have a favourable impact on the environment; European officials could reach consensus on the content of the bill as early as December, and the legislators would then remain to approve the document for its entry into force.