Euro 15 billion in European plan to fight shortage of computer chips
Details for its earlier announced European Chips Act are presented by the European Commission saying that the Act will “make Europe a leader” in the market for semiconductors. The goal is to by 2030 have 20% of the global market share of chips production. Right now, it is 9%. The project has been presented as a contribution to solving the global shortage of computer chips.
“The European Chips Act will back this ambition with considerable investment. It will enable EUR 15 billion in additional public and private investment until 2030, says the Commission President Ursula von der Leyen.
“This comes on top of EUR 30 billion of public investments that we have already planned, for example in NextGenerationEU, in Horizon Europe or in the national budgets. And then, these funds are to be matched by further long-term private investments.”
“It should be clear that no country – and even no continent – can be entirely self-sufficient. This is impossible. Europe will always work to keep global markets open and to keep them connected. This is in the world’s interest; it is in our own interest, too. But what we need to tackle are the bottlenecks that slow down our growth, as we are just experiencing it right now.”
Von der Leyen said that Europe will build partnerships on chips with like-minded partners, for example the United States or for example Japan. “It is about balanced interdependencies and it is about reliability.”
Mariya Gabriel, Commissioner for Innovation and Research said: “The Chips for Europe Initiative is closely linked to Horizon Europe and will rely on continuous research and innovation to develop the next generation of smaller and more energy-efficient chips. The future initiative will offer a great opportunity for our researchers, innovators, and startups to lead on the new wave of innovation that will develop deep tech solutions based on hardware.
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