The European Union has approved an €8.1bn state aid package to fund the development of chips, sensors, processors, and more, with a focus on resource-efficient technologies to enhance the bloc's microelectronics and communications sector. The initiative spans over 14 member states and aims to advance 5G/6G telecoms, autonomous driving, AI, and quantum computing. Private investment of €13.7bn is expected, bringing the total impact to €22bn. The EU's Chips Act will increase semiconductor chip production, targeting 20% of the global market share by 2030.
Intel's groundbreaking PowerVia technology has put the company two years ahead of its competitors by solving interconnection bottlenecks that occur during tasks like AI processing. The technology delivers 90% cell utilisation, improves power efficiency and signal wiring, and increases performance for better results. With the launch expected in 2024, Intel is marking its return to innovative and execution leadership in chip designing.
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?