EU seems set to spend ‘significant’ funds to fight global semiconductor shortage
The EU could see a major funding boost to promote semiconductor manufacturing in Europe.
When you purchase through links on our site, we may earn an affiliate commission.Here’s how it works.
What you need to know
The EU seems set to follow in the footsteps of theU.S., China, and South Korea when it comes to combatting the global semiconductor shortage. Thierry Breton, the EU’s commissioner for internal markets, discussed goals and plans in a meeting at the headquarters of ASML, an industry equipment supplier, last Thursday (viaReuters).
The EU’s ultimate goal is to double its share of global semiconductor production to 20% and to make 2-nanometer chips by 2030. Before it does that, Breton says that it needs to expand its capacity to build mid-level chips.
An upcoming “alliance” of European semiconductor companies was reported byReutersin April. The alliance is said to include ASML, Infineon, STM, and NXP.
Breton highlights that this alliance between semiconductor companies is similar to what’s occurred in the US., China, and South Korea. He also explained that the EU hopes either Samsung, Intel, or Taiwan Semiconductor will build a plant in Europe.
Funding from the EU could come from the 800 billion euro (roughly $976.5 million) coronavirus recovery fund. 20% of that fund is intended to go towards “digital transition” within the EU.
Several factors contributed to the global semiconductor shortage, including the current global pandemic and a spike in interest in certain electronics. As a result of the shortage, thebest graphics cardsand consoles like theXbox Series Xare in short supply. The shortage also affects other industries, such as the automotive industry.
Get the Windows Central Newsletter
All the latest news, reviews, and guides for Windows and Xbox diehards.
Sean Endicott is a tech journalist at Windows Central, specializing in Windows, Microsoft software, AI, and PCs. He’s covered major launches, from Windows 10 and 11 to the rise of AI tools like ChatGPT. Sean’s journey began with the Lumia 740, leading to strong ties with app developers. Outside writing, he coaches American football, utilizing Microsoft services to manage his team. He studied broadcast journalism at Nottingham Trent University and is active on X @SeanEndicott_ and Threads @sean_endicott_.
