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EU's Breton says "significant" funds available to develop semiconductor industry

AMSTERDAM, May 20 (Reuters) - The EU Commissioner for internal markets, Thierry Breton, said on Thursday the EU was ready to commit “significant” funds to expand Europe’s semiconductor manufacturing industry.

After a meeting at the headquarters of key industry equipment supplier ASML, Breton said Europe would need to expand its capacity of mid-level chips before it could achieve a goal of doubling Europe’s share of global semiconductor production to 20% and producing the most advanced, 2-nanometer chips by 2030. (Reporting by Toby Sterling; Editing by Kevin Liffey)

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