The EU will use legislation to push for greater resilience and sovereignty in regional semiconductor supply chains.
The bloc’s president trailed a forthcoming ‘European Chips Act’ in a state of the union speech today. Ursula von der Leyen suggested that gaining greater autonomy in chipmaking is now a key component of the EU’s overarching digital strategy.
She flagged the global shortage of semiconductors, which has led to slow downs in production for a range of products that rely on chips to drive data processing — from cars and trains to smartphones and other consumer electronics — as driving EU lawmakers’ concern about European capacity in this area.
“There is no digital without chips,” said von der Leyen. “While we speak, whole production lines are already working at reduced speed — despite growing demand — because of a shortage of semi-conductors.
“But 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.”
The Chips Act will aim to link together the …read more
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