The world has enough rare earth minerals and other critical raw materials to switch from fossil fuels to renewable energy to produce electricity and limit global warming, according to a study. With a push to get more electricity from solar panels, wind turbines, hydroelectric and nuclear power plants, concerns have been raised that there will […]
Archive | Manufacturing
Intel unveils £67bn chipmaking expansion plan for Europe
US chipmaker Intel has unveiled plans to invest up to 80 billion euros (£67 billion) across Europe as part of an ambitious expansion aimed at evening out imbalances in the global semiconductor industry that have led to big chip shortages. Chief executive Pat Gelsinger said Intel was investing the money over the next decade “along […]
EU’s chip production plan aims to ease dependency on Asia
The European Union has announced a 48 billion dollar (£35 billion) plan to become a major microchip producer. The plan was unveiled in a bid to try to curb its dependency on Asian markets for the component that powers everything from cars to hospital ventilators and game consoles. At a time when natural gas shortages […]