Page 30 - Important Project News Today

There are two confused elements to the musings of German economy minister Peter Altmaier to boost semiconductor manufacturing in Europe.

Europe needs to stump up cash to boost its chip industry, a board member of the continent’s largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players.

Pass the Chips: VW Group Demands More Semiconductors for Europe Residual complications from COVID-19 lockdowns and overdependency on Central Asian suppliers have left most of the automotive industry fretting over where they’ll be sourcing their semiconductor chips in 2021. What started as an issue forcing a handful of manufacturers to rejigger their assembly schedules has evolved into a worldwide problem. This week, practically every automaker with a global footprint announced that it would b...

Europe needs to stump up cash to boost its chip industry, a board member of the continents largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. "We wont produce chips ourselves," Markus Duesmann, Volkswagens board member in charge of research & development and head of luxury unit Audi, told Reuters. "But of course we would like to have strong chipmakers that are at least on par with Asia and the United States." "Ult...

Hit by shortage, Volkswagen demands boost to Europe chip sector By Jan Schwartz and Christoph Steitz FILE PHOTO: VW shows electric SUV "ID 4" during a photo workshop FRANKFURT (Reuters) – Europe needs to stump up cash to boost its chip industry, a board member of the continent’s largest carmaker Volkswagen said, pointing to a global semiconductor shortage that has highlighted dependence on foreign players. “We won’t produce chips ourselves,” Markus Duesmann, Volkswagen’s...

4 February German Economy Minister Peter Altmaier expects state-supported European calls for semiconductor projects to trigger investments of up to 50 billion euros, Reuters reports. Speaking to his French counterpart Bruno Le Maire in a panel discussion, Altmaier said that he’s counting on at least a “middle-range double-digit amount” in billions of euros. State subsidies would account for 20-40 percent of investments. Peter Altmaier. Credit: BPA/Steffen Kugler Altmaier and Le Maire talk...

Article content BERLIN — European countries are planning to support the local production of technology hardware with targeted aid that could result in overall investments of up to 50 billion euros ($60 billion), Germany said on Wednesday. Germany, France and 17 other EU countries agreed to join forces to invest in processors and semiconductor technologies, key to internet-connected devices and data processing in a push to catch up with the United States and Asia. We apologize, but this video ...

3 Min Read BERLIN (Reuters) - European countries are planning to support the local production of technology hardware with targeted aid that could result in overall investments of up to 50 billion euros ($60 billion), Germany said on Wednesday. Germany, France and 17 other EU countries agreed to join forces to invest in processors and semiconductor technologies, key to internet-connected devices and data processing in a push to catch up with the United States and Asia. Europe’s share of the 44...

By Syndicated Content Feb 1, 2021 3:15 PM FRANKFURT (Reuters) - Electric vehicles maker Tesla stands to receive a single-digit billion euro amount in public funding from Germany for setting up a battery cell factory near Berlin, Business Insider reported on Monday. The subsidies, part of the support for 11 battery related businesses under a so-called Important Project of Common European Interest, will be paid by the federal government and by the regional state of Brandenburg, Busine...

European Commission Press release Brussels, 28 Jan 2021 The European Commission has issued a €14 billion social bond under the EU SURE instrument to help protect jobs and people in work. The issuing consisted of two bonds, with €10 billion due for repayment in June 2028 and €4 billion due for repayment in November 2050. European Commission Press release Brussels, 27 Jan 2021 Today, the Commission has appointed three new Heads of the Representations. Ms María De Los Angeles Benítez Salas...