The European Union is going to invest “more than 100,000 million” euros in its semiconductor production policy to be autonomous in this area, said Thierry Breton, European Commissioner for the Internal Market, on Thursday. In relation to the “strategy” of the “Chip Law”, which aims to bring the production of electronic chips in the European Union to 20% of world capacity by 2030, “more than 100,000 million investments are now planned on European territory”, declared the French commissioner on RTL. And “yes, we will keep our target, we may even reach it in advance”, added Thierry Breton.
So far, some 43,000 million euros have been allocated in subsidies to the “Chip Law”, voted this year by the EU.
“We are in competition”
This new figure comes two days after the announcement of the establishment of the first European factory of the Taiwanese electronic chip giant TSMC in Dresden, in eastern Germany. Like Asia and the United States, the EU is participating in the global race for autonomy in the crucial sector of semiconductors, which are now part of the composition of most everyday objects, such as vehicles, smartphones or connected objects.
It is about “having the microprocessors we need in production capacity in European territory”, explained Thierry Breton. “We had this capacity 30 years ago, little by little we were losing it to Asia (…) to produce only 9% of the world capacity.”
Source: BFM TV
