EU Commission to present European Chips Act
Digital is the make-or-break issue, EU Commission President Ursula von der Leyen said in her state-of-the-union speech at the European parliament. She stressed the importance of dealing with the lack of semiconductors that is a threat to productivity in many sectors.
“We will present a new European Chips Act. We need to link together our world-class research, design and testing capacities. We need to coordinate EU and national investment along the value chain,” she said.
“The aim is to jointly create a state-of-the-art European chip ecosystem, including production. That ensures our security of supply and will develop new markets for ground-breaking European tech.”
Ursula von der Leyen said that while global demand has exploded, “Europe’s share across the entire value chain, from design to manufacturing capacity has shrunk. We depend on state-of-the-art chips manufactured in Asia.”
“So this is not just a matter of our competitiveness. This is also a matter of tech sovereignty. So let’s put all of our focus on it,” she added.
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