Baylan warns of European semiconductor investment

Minister of Trade and Industry Ibrahim Baylan (SocDem) raises warning flags for the EU's plan to use subsidies to double European semiconductor production in ten years. – Protectionism is life threatening, he says.

TT Subsidized investments in the semiconductor industry in the EU could backfire in the form of increased protectionism, warns Minister of Trade and Industry Ibrahim Baylan (S). Stock Photography.Picture: Jonas Ekströmer/TT Major production losses are already a fact in the automotive industry. But other large industries – such as electronics manufacturers – are also experiencing problems with global semiconductor failure in the post-pandemic recovery.

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