2023-04-18 19:51:12
Published on :
The European Parliament and the member countries of the European Union reached an agreement on Tuesday April 18 on a plan aimed at developing the semiconductor industry to reduce European dependence on Asia in this strategic sector.
« Europe takes its destiny into its own hands “, welcomed the European Commissioner for the Internal Market Thierry Breton, welcoming this text known as the “Chips Act». « By mastering the most advanced semiconductors, the EU will become an industrial power in the markets of the future “, he added.
The stated objective is to reach 20% of the world market in 2030, i.e. twice as much as today, by mobilizing 43 billion euros of investments public and private for this industry. The European Union, at the forefront of chip research, has seen its market share fall in recent decades.
Indispensable in everyday objects
The shortage of semiconductors, which has held back the automobile industry, has caused an electric shock. Geopolitical tensions around chinaas well as the pandemic, have raised awareness of the need to produce these essential components in Europe, mainly imported from Taiwan and Korea, to the point of convincing the Commission to relax its strict State aid framework and to assume an interventionist industrial policy in a continent traditionally very open to global competition.
These components are essential in many everyday objects, such as mobile phones, but also in data storage centers, at the heart of the booming digital economy.
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(With AFP)
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