FILE PHOTO: Italian Prime Minister Mario Draghi speaks with the media as he arrives for the EU-Africa summit at the European Council building in Brussels, Belgium February 17, 2022. Geert Vanden Wijngaert/Pool via REUTERS/
March 23, 2022
ROME (Reuters) – Italy’s Prime Minister Mario Draghi said it was a priority for European countries to increase production of computer chips as part of a wider effort aimed at strengthening the bloc’s economy and protecting key industries.
“The shortage of semiconductors – essential for many strategic industries such as transport, industrial machinery, defence – has been particularly damaging,” Draghi said, speaking to parliament.
He added that it was Europe’s ambition to increase its market share from 10% to 20% of global chip production by 2030.
(Reporting by Angelo Amante; Writing by Giulia Segreti; Editing by Keith Weir)
Source: One America News Network
