EU urged to boost photonics investment due to China's 30% market share, surpassing US and EU at 15% each.
EU urged to increase photonics investment as China's market share surges to 30%, dwarfing US and EU at 15% each. The Photonics21 study reveals the need for coordinated EU funding to close the market share gap. China's photonics production is expected to reach €315bn by 2025, as their political system steers and funds the industry in critical technologies such as quantum, 5G, AI, and more.
July 24, 2024
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