Factbox-Chipmakers’ plans for factories in Europe, US and Asia

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Reuters UK

(Reuters) – Chipmakers across the globe are pouring billions of dollars in investment to set up new plants, encouraged by the rising use of semiconductors in everyday devices and generous subsidies from the U.S. and European Union aimed at keeping the West ahead of China in the race for cutting-edge technology. The European Commission has earmarked 15 billion euros for public and private semiconductor projects by 2030, while U.S. President Joe Biden’s administration passed the CHIPS Act last year to make over $52-billion worth of subsidies available for the American semiconductor industry. The…

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