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EU and Belgium invest $1.6 billion in chip technology firm Imec
  + stars: | 2023-07-07 | by ( ) www.reuters.com   time to read: +1 min
BRUSSELS, July 7 (Reuters) - The European Union and Belgium's regional Flemish government will together invest 1.5 billion euros ($1.6 billion) in Belgian chip technology firm Imec, the Flemish government said on Friday. Imec will use the investment to expand its "clean room" test facility with the most advanced equipment and processes, the company said in a statement. Von der Leyen, who was visiting Imec, stressed the EU's stance that it should de-risk its supply chains for chips. While Von der Leyen did not directly address China's planned curbs on exports of strategic metals widely used in the semiconductor industry, she said the EU should reduce its dependency "on too few suppliers from East Asia". ($1 = 0.9195 euros)Reporting by Charlotte Van Campenhout; editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
Persons: Imec, Jan Jambon, Ursula von der Leyen, Alexander De Croo, Von der Leyen, Charlotte Van Campenhout, Mark Potter Organizations: European Union, Flemish, European, Belgian, Thomson Locations: BRUSSELS, East Asia
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