With EU backing, QuantumDiamonds aims to speed up chip manufacturing

AI Summary

QuantumDiamonds, supported by the European Chips Act, aims to accelerate chip manufacturing to rival the dominant ASML. This initiative reflects Europe's growing commitment to advancing its semiconductor industry.

The race to produce more chips is on, and Europe is in. ASML, the Dutch company that has a near-monopoly on manufacturing the machines used for chipmaking, may soon no longer be an isolated success story. Like its U.S. counterpart, the European Chips Act aims to foster the semiconductor industry — in part thanks to […]