With EU backing, QuantumDiamonds aims to speed up chip manufacturing

Europe is doubling down on semiconductors. According to TechCrunch, QuantumDiamonds—backed by European funding—is working to accelerate chip manufacturing, taking on ASML, the Dutch company that currently dominates the market for chipmaking equipment. The push reflects a broader European Chips Act initiative, mirroring similar efforts in the United States, both designed to strengthen their semiconductor industries.

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