The EU's Chips Act will aim to boost domestic semiconductor production. But experts say that the bloc's ambitions will not be easily fulfilled.
Google is developing its own central processors for its computers and smartphones – the latest signal that Big Tech companies are intent on making their own chips.
Semiconductors that can handle AI workloads are in demand for data centres and autonomous vehicles. VC funds are backing their manufacturers like never before.
The rumoured takeover would bolster Intel's chip building capabilities as it looks to transition to a new manufacturing model.
As more vendors - and the cloud providers themselves - develop custom silicon, businesses are benefiting from lower costs and increased performance.
Buyers already facing rising semiconductor costs may also have to foot the bill for excluding China from the chip supply chain.
US chipmakers call for more state aid while Google and Microsoft voice their opposition to Nvidia's Arm takeover bid.
Joe Biden's manufacturing policy could help the US semiconductor industry regain lost ground although Taiwan's TMSC may benefit the most.
The UK's competition authority has invited comments on the chipmaker's mega deal. Many more obstacles are likely to follow.