Last year, Ursula von del Leyen, president of the European Commission, spoke about the importance of semiconductor procurement in an increasingly digitalized world. In order to make Europe less dependent on foreign production, the "Chips Act" was studied, which aims to make the region self-sufficient. However, it seems that the investments envisaged by the European Union are not enough to reach the objectives set for 2030.
Recently, Kurt Sievers, CEO of NXP Semiconductors, a leading chip design and manufacturing company founded in The Netherlands, at an industry meeting in Dresden, said:
We calculated that 500 billion euros of investment would be needed in Europe to reach the 20% market share target formulated in the Chips European Act. Achieving 20% world market share from 10% requires triple or quadruple our capacities.
In fact, a few months ago the European Commission proposed public and private investments for a total value of 43 billion euros with the aim of increasing Europe's share of the global semiconductor market to 20% by 2030, up from 10% today.| ); }
Photo Credit: TSMC