{"id":1284817,"date":"2022-02-09T10:53:01","date_gmt":"2022-02-09T15:53:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1284817"},"modified":"2022-02-09T10:53:12","modified_gmt":"2022-02-09T15:53:12","slug":"bringing-manufacturing-back-eu-targets-semiconductor-investment-to-counter-communist-china","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bringing-manufacturing-back-eu-targets-semiconductor-investment-to-counter-communist-china\/","title":{"rendered":"Bringing Manufacturing Back: EU Targets Semiconductor Investment to Counter Communist China"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">22<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbringing-manufacturing-back-eu-targets-semiconductor-investment-to-counter-communist-china%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1284817&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/02\/GettyImages-1352493619-e1644342588208-640x335-1.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p class=\"subheading\">The European Union has announced new plans to combat its reliance on foreign bodies \u2014 such as Communist China \u2014 in regards to microchip manufacturing, including pumping an extra \u20ac15 billion into the essential sector.<\/p>\n<p>An extra \u20ac15 billion Euro has been earmarked for semiconductor chip manufacturing by the European Commission as part of plans to reduce the EU\u2019s reliance on foreign powers \u2014 such as Communist China \u2014 in the area.<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>Europe\u2019s announcement comes as Taiwan \u2014 which holds 63 per cent of the world\u2019s semiconductor manufacturing market share \u2014 has been granted <a href=\"https:\/\/www.breitbart.com\/asia\/2022\/02\/08\/taiwan-receives-patriot-missiles-as-chinas-threats-build\/\">access<\/a> to US PATRIOT missile technology as tensions mount over a potential invasion from Communist China.<\/p>\n<p>According to a <a href=\"https:\/\/www.irishtimes.com\/business\/technology\/eu-eases-state-aid-rules-in-multi-billion-euro-boost-for-chip-sector-1.4796926\">report<\/a> by&nbsp;<em>The Irish Times<\/em>, the European Commission is to ease funding rules regarding \u201cinnovative\u201d semiconductor plants, while also using the new&nbsp;European Chips Act to \u201cenable \u20ac15 billion in additional public and private investment\u201d to enter the sector by 2030.<\/p>\n<p>\u201cThis will come on top of \u20ac30 billion of public investments already planned from NextGenerationEU, Horizon Europe and national budgets,\u201d the Irish broadsheet reports EU Commission President Ursula von der Leyen as saying. \u201cAnd these funds are set to be matched by further long-term private investments.\u201d<\/p>\n<figure id=\"M-ROS-B2\" class=\"a8d\"><\/figure>\n<p>\u201cThe European Chips Act will be a game-changer for the global competitiveness of Europe\u2019s single market,\u201d the <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_729\">commission website<\/a> also notes von der Leyen as saying. \u201cIn the short term, it will increase our resilience to future crises, by enabling us to anticipate and avoid supply chain disruptions. And in the mid-term, it will help make Europe an industrial leader in this strategic branch.\u201d<\/p>\n<p>Also planned by the commission is the <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/qanda_22_730\">implementation<\/a> of a so-called \u201ctoolbox for monitoring and mitigating disruptions in the chips ecosystem\u201d in the hopes that it will allow EU member states to pool resources in order to better deal with future threats to the international microchip supply.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">EU Launches World Trade Organization Case Against Communist China over Lithuania Blockade<a href=\"https:\/\/t.co\/Ak5dPYFdb5\">https:\/\/t.co\/Ak5dPYFdb5<\/a><\/p>\n<p>\u2014 Breitbart London (@BreitbartLondon) <a href=\"https:\/\/twitter.com\/BreitbartLondon\/status\/1487350900389777408?ref_src=twsrc%5Etfw\">January 29, 2022<\/a><\/p>\n<\/blockquote>\n<p>President von der Leyen also <a href=\"https:\/\/www.politico.eu\/article\/europe-launches-chips-act-industrial-plan\/\">expressed<\/a> a desire for Europe to become a leader in the semiconductor market, with Politico reporting that the commission had already set itself the goal of gaining at least 20 per cent of the global market share in the sector by 2030.<\/p>\n<p>It comes as the world faces a <a href=\"https:\/\/www.bbc.com\/news\/business-60135905\">massive shortage<\/a> in microchips, with production of the essential component hitting a massive speed-bump as a result of the pandemic.<\/p>\n<figure id=\"M-ROS-B3\" class=\"a8d adSo\"><\/figure>\n<p>Semiconductor supply has so-far struggled to keep up with now-renewed customer demand, an issue which has only been compounded by fears of a possible Chinese invasion of Taiwan \u2014 with the small island alone <a href=\"https:\/\/www.cnbc.com\/2021\/03\/16\/2-charts-show-how-much-the-world-depends-on-taiwan-for-semiconductors.html\">responsible<\/a> for 63 per cent of the global market share in the sector, with China controlling a further six per cent.<\/p>\n<p>However, this reliance on China as well as other foreign territories may soon be decreasing for both the US and Europe.<\/p>\n<p>On top of the funds already committed by the EU in European semiconductor manufacturing, Taiwan has <a href=\"https:\/\/www.politico.eu\/article\/lithuania-taiwan-china-microchip-windfall-clash\/\">announced<\/a> a $200 million investment plan for Lithuania, which has recently become embroiled in a diplomatic feud with Communist China over the recognition of the statehood of the democratic island nation.<\/p>\n<p>Although cooperation regarding microchip manufacturing would require substantially more funds than what has already been set aside by Taiwan, a diplomat for the country said that they were not ruling out a partnership with Vilnius regarding a potential plant.<\/p>\n<p>Meanwhile, in the United States, Intel has <a href=\"https:\/\/www.breitbart.com\/tech\/2022\/01\/21\/silicon-heartland-intel-chooses-ohio-to-build-largest-chip-factory-on-the-planet\/\">announced<\/a> a $20 billion investment plan for a semiconductor factory in Ohio.<\/p>\n<p>According to the company\u2019s CEO,&nbsp;Pat Gelsinger, the planned chip manufacturing plant is expected to become \u201cthe largest silicon manufacturing location on the planet\u201d, with the potential to expand to over 2,000 acres.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The European Union has announced new plans to combat its reliance on foreign bodies \u2014 such as Communist China \u2014 in regards to microchip manufacturing, including pumping an extra \u20ac15 &#8230;<\/p>\n","protected":false},"author":1,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1284817","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1284817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1284817"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1284817\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1284817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1284817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1284817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}