Prime Minister Petr Fiala has stressed the importance of having an American company, Onsemi, set up a chip manufacturing center in Rožnov pod Radhoštěm for the Czech economy.

Fiala sees this investment as one of the Czech Republic's top strategic projects. He believes that making computer chips is vital for the Czech Republic and Europe and can make the whole region more competitive.

Fiala also pointed out that there is a growing demand for computer chips, especially in areas like energy and automotive, due to issues like the coronavirus and the conflict in Ukraine. He thinks that European projects like this, ideally located in the Czech Republic, are now more crucial than ever.

The government is fully supportive of investments in semiconductor and battery production. The next steps involve making changes to investment laws in parliament, and this is expected to happen early next year.

Source: www.echo24.cz

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