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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.

Listen to the podcast…

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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