India, Feb. 10 -- The European Union has launched its largest Chips Act pilot line, NanoIC, at IMEC Leuven, a major milestone for European semiconductor development and manufacturing. With a total investment of €2.5 billion, the facility has received €700 million in EU funding, €700 million from national and regional governments, and the remainder from ASML and other industry partners. NanoIC will accelerate the development of next-generation semiconductor technology, essential for the development of AI, autonomous vehicles, healthcare and 6G mobile technology.
NanoIC is the first European facility to deploy the most advanced Extreme Ultraviolet lithography machine, focusing on designing and manufacturing chips using tech...