EU aims to raise chip production to 20% of global supply in next 10yrs

News conference on security and cybersecurity strategy at the EU headquarters in Brussels

ROME (Reuters) - European Union Industry Commissioner Thierry Breton said the bloc aims to increase its production of chips to 20% of global supply, from the current 10%, over the next ten years, according to comments released by Italy's industry minister after a meeting.

In May Breton had said the EU would commit significant funding to expand semiconductor manufacturing.

(Reporting by Giuseppe Fonte, writing by Giulia Segreti, editing by Cristina Carlevaro)

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