The EMA has similarities to an initiative in Silicon Valley that is being launched by the Global Semiconductor Alliance (GSA) with participation from Intel Capital, Cadence and TSMC amongst others. Just as the GSA working group plans to do in U.S., the EMA intends, with a continent-wide remit, to reduce the cost and time to market for microelectronics startups, and particularly for fabless chip company startups, which are suffering from a lack of capital funding at the early-stage
