Europe throws down Asia’s gloves. It was decided to increase the production of chips. “We want to be a leader”

On The advanced semiconductor market is giving way to the field. The share of the Community countries in the global market is currently only 10 percent. The goal is by increase production capacity to 20 percent. ‘This is obviously a question of competitiveness, but also of security and technological sovereignty,’ stressed Industry and Internal Market Commissioner Thierry Breton.

In particular, increasing production will be crucial.

“We want to be leaders”

Microchips are the backbone of modern economies, and each of us uses them on a daily basis. They are found in computers, washing machines, vacuum cleaners, cars and trains, they are also used in medicine.

We learned how important semiconductors are for the global economy, for example, during the coronavirus pandemic. It exposed the weaknesses of global supply chains, a chip shortages drove up industrial costs and slowed economic recovery in Europe. Along with the adopted regulations, projects that increase the security of supply in the Union, attracting investment and stimulating are to be supported.

The deputies guaranteed €3.3 billion for chip-related research and innovation. A network of competence centers will also be set up to tackle the ‘skills gap’ in the EU and attract new talent for research, design and production. In addition, a crisis response mechanism is to be set up to assess risks to EU semiconductor supplies.

We want to have more influence and be leaders – . – We strive to increase technological capacity and implement measures to combat potential shortages. Europe is prepared for future challenges in the semiconductor industry by prioritizing strategic autonomy, security and a favorable business environment, he explained.