Czech Tech Industry Ready to Manufacture Chips
EU Approves Chips Act with Reduced Budget
Following the Czech presidency of the EU Council, the Chips Act has been approved with a reduced budget. The aim of the act is to bolster the semiconductor industry in Europe and reduce reliance on Asian manufacturers.
Onsemi to Invest in Czech Plant
US chipmaker Onsemi plans to invest €2 billion ($2.18 billion) to expand production at its plant in Rožnov pod Radhoštěm, Czech Republic. This investment will create 1,000 new jobs and increase the plant's production capacity by 50%.
Czech Republic Strengthens Semiconductor Industry
The Czech Republic is ramping up efforts to strengthen its semiconductor industry. The government is collaborating with partners from Asia, mainly Taiwan and Japan, to establish a semiconductor ecosystem in the country.
Benefits of the Chips Act
The Chips Act is expected to provide several benefits to the Czech Republic, including:
- Increased investment in the semiconductor industry
- Creation of new jobs
- Reduced reliance on Asian manufacturers
- Boost to economic growth
Conclusion
The Czech Republic's focus on the semiconductor industry is a positive step for the country's economy. The investment by Onsemi and the collaboration with Asian partners will help to establish a strong semiconductor ecosystem in the Czech Republic.
References
- Czech presidency seeks Council's position on Chips Act with reduced budget
- Onsemi to invest $2.18b in Czech plant expansion
- Czech Republic strengthens ties with Japan and South Korea in semiconductor industry
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