July’s news roundup: EU Chips Act, NXP’s Q2, China and more

Having been given the go-ahead from the European Council, the European Chips Act will soon be officially signed into law. First outlined in February 2022 by the European Commission, the legislation mobilizes up to 43 billion euros in public and private investments (including 3.3 billion from the EU’s budget) with the aim of doubling Europe’s market share in the global semiconductor industry to 20 percent by 2030. Ahead of the final approval, several projects have already been announced, including a leading-edge fab in Magdeburg, Germany, along with a packaging facility in Wrocław, Poland, an FDSOI facility in Crolles, France, and a power semiconductor plant in Dresden, Germany. Broadcom has pledged a 1 billion dollar investment in Spain backed by the EU Chips Act.

Quantum hopeful Quix Quantum has appointed Kathy Willing as CFO. Experienced in complex business projects in multiple industries, including M&As, strategic exits and fundraising, Willing joins the Enschede-headquartered company “in time for organizational and financial growth”, a press release states. Quix is building the first Universal Quantum Computer based on photonics in Europe for the German Aerospace Center (DLR).