“This is on top of Europe’s EUR43 billion Chips Act designed to ramp up Europe’s manufacturing and supply chain capabilities to become 20% of the world’s semiconductor production capacity by 2030, up from 9% in 2023,” he adds.
Simon Garing, CEO of the manager of Stoneweg European REIT (SERT), remains optimistic about the REIT’s outlook despite the reciprocal tariffs announced by US President Donald Trump in early April.
“The recently announced reciprocal US tariffs and new foreign policies have already encouraged Europe to pursue reforms that boost long-term economic and defence resilience,” he tells The Edge Singapore. “A key example is Germany’s newly elected conservative government’s recent approval to ease fiscal limits and invest EUR500 billion ($738.08 billion) off-budget over the next decade to modernise critical infrastructure and another EUR500 billion in military investment”.
