Italys Draghi says Europe must increase its chip production – Reuters


Italian Prime Minister Mario Draghi talks with the media as he shows up for the EU-Africa summit at the European Council building in Brussels, Belgium February 17, 2022. Geert Vanden Wijngaert/Pool by means of REUTERS/Register now free of charge unlimited access to Reuters.comRegisterROME, March 23 (Reuters) – Italys Prime Minister Mario Draghi stated it was a concern for European countries to increase production of computer chips as part of a larger effort targeted at strengthening the blocs economy and safeguarding crucial markets.” The shortage of semiconductors – vital for many strategic industries such as transportation, industrial machinery, defence – has actually been especially damaging,” Draghi said, speaking to parliament.He included that it was Europes aspiration to increase its market share from 10% to 20% of international chip production by 2030. Register now free of charge endless access to Reuters.comRegisterReporting by Angelo Amante
Writing by Giulia Segreti
Editing by Keith WeirOur Standards: The Thomson Reuters Trust Principles.


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