The European Commission’s proposed microchip strategy aims to target a 20% global market share by 2030, a figure that continues to appearForeign Minister Images News Agency. However, a group of industry policy representatives from member states has expressed concerns about the implausibility of the strategy, citing an ECA report from April that the EU’s objectives would not significantly enhance its global position in the semiconductors sector.
The Commission has sought to revise the target, saying it is too ambitious and deemed unnecessary to mobilize vast amounts of money. The ECA, which conducted a thorough analysis of the EU’s demand, has recommended that the Commission assess the feasibility of the strategy considering available resources, global competition, and factors like energy costs and raw material dependence. This report highlights the risks of investing heavily in the microchip sector in the short term, if deemed unrealistic for the long term.
Despite the concerns, the Commission has called for a balanced approach, emphasizing that the sector will require investment, training, and knowledge transfer to meet its potential. By 2022, the EU already accounts for less than 10% of global chip production, lagging behind Taiwan and the United States. The Commission aims for a 20% market share with an investment of 43 billion euros by 2030, placing it among the most technologically advanced economies in Europe.
Several countries on thenonce group are behind this ambitious target, including Belgium, Germany, the Czech Republic, France, the Netherlands, and Spain. Countries like Italy are pushing for a focus on the next-gen microchips, but concerns remain about funding and talent availability. Denmark, for instance, has concerns about inadequate financing for quantum technologies, which would drive the sector.
漤Marcus Fr thicker, Commissioner Henna Virkkunen’s letter to President Ursula von der Leyen, within 30 days, outlines the Commission’s focus and proposed measures. Representation in the EuropeanPopupMenu and collaboration with the French, German, and EU Tech Commissioner will be key in securing continued support for the strategy. The statement mentions revisiting targets, reshaping challenges, and reinforcing innovation potential, plans to expand into quantum technologies, and authorize quantum startups.
In conclusion, the European Commission’s approach relies on a reevaluation of strategic choices to address costs,spin through continued investment and knowledge transfer, and foster global competition. While the target remains ambitious, the sector faces significant challenges, necessitating immediate action and long-term investment to ensure the UK’s advancement in nanotechnology and quantum technologies.
