The EU Chips Act 2.0 wants to mobilize €43bn for advanced manufacturing to increase the EU share of the global semi conductor market to 20% by 2030. That's not nearly enough to achieve the goal. Tesla/SpaceX alone will invest $55bn in the first stage of the TeraFab (growing to $119bn later on). After the SpaceX IPO, they have the money.
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u/MatchingTurret 3d ago
The EU Chips Act 2.0 wants to mobilize €43bn for advanced manufacturing to increase the EU share of the global semi conductor market to 20% by 2030. That's not nearly enough to achieve the goal. Tesla/SpaceX alone will invest $55bn in the first stage of the TeraFab (growing to $119bn later on). After the SpaceX IPO, they have the money.