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Podcast: The European Chips Act Is a Political Pipe Dream, Lacks Focus

There are several problems with the European Chips Act. They are characterised by a lack of focus that is manifested in many ways.
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By Peter Clarke

I am generally in favor of attempts within Europe to stimulate the development of domestic semiconductor manufacturing capability. But I also have been an observer of the bureaucrats in Brussels for many decades and have witnessed how spending often becomes confused with progress – and becomes wasteful.

Spending tax payers’ money shouldn’t be done casually and when it is done it should be concentrated and above a threshold of effectiveness. Something the US and some other regions seems quite good at.

But there are several problems with the European Chips Act.

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Peter Clarke is a veteran reporter and analyst covering the global electronics industry. He is a regular contributor to  The Ojo-Yoshida Report.

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