Wants European Union To double its chipmaking production to 20 percent of the global market by 2030, the goal is part of plan Digital compass El Jadida, which wants to enhance digital sovereignty by financing various high-tech initiatives.
The union also wants all households to have 5G access and gigabit internet access by 2030, for all public services to be available online in every member state, and for the European bloc to have its first quantum computer.
Funding for these and other projects comes Box The response to the European Union’s Coronavirus, which amounts to 672.5 billion euros ($ 800 billion), with 20 percent of these funds ($ 160 billion) earmarked for technology investment.
The European Union’s ambition to produce more chips is particularly noteworthy, as maintaining a steady supply of these chips has become a concern for countries around the world after the supply chain disruptions caused by the epidemic and the trade war between the United States and China affected global supplies.
As with the influx of major resources, such as oil, access to the latest chipsets is essential for many industries and products, from phones to cars.
The bulk of production is currently concentrated in Asia, mainly Taiwan and South Korea.
In February, US President Biden signed an Executive Order to investigate how the United States supports the chip industry.
Biden said: It’s about making sure the United States is able to meet every challenge we face in this new era of pandemics, but also about defense cybersecurity, climate change, and much more.
The concerns of the European Union reflect those of America, as European Commission Vice President Margrethe Vestager said when launching plans for the Digital Compass: We need to become less dependent on others when it comes to key technology.
The European Union’s production of chips is a difficult task Semiconductor manufacturing is a very costly business, and a major success for European companies has been to create the machines used in this process rather than the chips themselves.
The Dutch company ASML has a majority market share in the production of equipment known as photolithography machines, which are essential for making chips.
As China has shown, spending money on chips does not guarantee success. Over the past few decades, Europe has seen the number of semiconductor companies shrink, and they require colossal efforts to wrest the leadership from the United States and Asia, which are also investing heavily.