Belgian chip firm Imec to receive $1.6 bn funding

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.
BE SemiconductorImec will use the investment to expand its clean room test facility with the most advanced equipment and processes.

“We know we will get our money back, not only in euros but also in societal dividend,” Flemish minister-president Jan Jambon said at a joint press conference with European Commission President Ursula von der Leyen and Belgian Prime Minister Alexander De Croo.

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”.

Earlier this week, the EU expressed concern over China’s plans, Reuters news report said.

Latest

More like this
Related

5 Companies Providing Mixed-Signal Verification Services

Analog and digital components are becoming increasingly interdependent, creating...

Semiconductor Capex drops 7% QoQ in Q1 2025, yet posts 27% YoY surge

Global semiconductor sales and capital expenditures demonstrated mixed trends,...

US and China accelerate in-house AI chip development

The global AI chip market is witnessing a significant...

Foxconn-HCL JV’s $435 mn semiconductor plant gets India approval

The government of India has approved a semiconductor plant,...