📊Executive Summary

The article discusses the decline of the semiconductor industry in Europe, highlighting the failure of major investments and initiatives aimed at reducing dependency on US and Chinese semiconductor production. Notably, the Chips Act, intended to bolster European semiconductor manufacturing, has not yielded the expected results. Projects such as the expansion of the chip factory in Crolles, France, and Intel's investment in Magdeburg, Germany, have stalled or been abandoned, despite significant government subsidies. This situation raises concerns about Europe's competitiveness in the global semiconductor market, which could impact procurement strategies for companies relying on European suppliers....