financetom
Business
financetom
/
Business
/
Semiconductor firms call for EU Chips Act 2.0
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Semiconductor firms call for EU Chips Act 2.0
Mar 19, 2025 7:25 AM

AMSTERDAM (Reuters) - Computer chip makers and semiconductor supply chain firms on Wednesday called on the European Commission to launch a new support program as a follow up to the 2023 Chips Act, this time focusing on chip design, materials and equipment, in addition to manufacturing.

Following a meeting with top sector firms and European lawmakers in Brussels, industry groups ESIA, representing chipmakers, and SEMI Europe, representing the broader industry, said they would send their plea for a 'Chips Act 2.0' to Commission digital chief Henna Virkkunen.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Blackstone, Warburg Explore Options for IntraFi Including Potential Sale
Market Chatter: Blackstone, Warburg Explore Options for IntraFi Including Potential Sale
Nov 15, 2024
03:02 PM EST, 11/15/2024 (MT Newswires) -- Blackstone (BX) and private equity firm Warburg Pincus are evaluating strategic options including a sale of financial technology services provider IntraFi, Bloomberg reported, citing people familiar with the matter. The two alternative-asset managers have started discussions with investment banks to gauge interest in IntraFi, which could be valued at $12 billion or more...
Albany International's Heimbach Plans to Close Olten Plant in Switzerland
Albany International's Heimbach Plans to Close Olten Plant in Switzerland
Nov 15, 2024
08:17 AM EST, 11/15/2024 (MT Newswires) -- Albany International ( AIN ) affiliate Heimbach Switzerland said Friday it plans to begin consultations with employee representatives on shutting its Olten manufacturing facility in Switzerland and transferring production to other Heimbach sites. The decision aims to align paper machine clothing manufacturing capacity with market demand and customer needs, Heimbach said. The proposal...
Progressive's October Net Income Rises
Progressive's October Net Income Rises
Nov 15, 2024
08:50 AM EST, 11/15/2024 (MT Newswires) -- Progressive (PGR) reported October net income Friday of $0.69 per share, up from $0.68 a year earlier. The insurer said net premiums written in October rose to $6.58 billion from $5.53 billion a year earlier, while net premiums earned increased to $6.39 billion from $5.38 billion. The company's shares were up 2.9% in...
BRIEF-Acerinox Gets Authorization To Buy Haynes International
BRIEF-Acerinox Gets Authorization To Buy Haynes International
Nov 15, 2024
Nov 15 (Reuters) - Acerinox SA: * GETS AUTHORIZATION FROM AUSTRIAN COMPETITION AUTHORITIES TO ACQUIRE HAYNES INTERNATIONAL * TRANSACTION EXPECTED TO TAKE PLACE BEFORE END OF NOV Source text for Workspace: Further company coverage: (Gdansk Newsroom) ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved