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.
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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