EU Unites Behind Dutch-Led Semiconductor Coalition to Boost Investment
In a significant development, all 27 EU member states have joined a Dutch-led coalition to bolster semiconductor investment in Europe. This move comes as the EU seeks to revise its 2022 European Chips Act to address shortcomings in its semiconductor strategies.
The coalition, initiated in March 2023 by the Netherlands, has gained broad support from EU nations, industry groups, and major semiconductor companies. It aims to quadruple existing semiconductor investment and provide more targeted support for the EU industry.
The coalition is pushing for several revisions to the Chips Act. These include speeding up infrastructure spending approvals, improving access to skills and finance, securing critical chip technologies, and setting a separate budget for semiconductor manufacturing and investment.
The EU initially planned to control 20% of the global semiconductor supply chain by 2030 through the Chips Act. However, it is currently on track to reach only 11.7%. With all EU member states now on board, the coalition hopes to strengthen the EU's position in the global semiconductor market.
Read also:
- Orioles' 2025 Turnaround Powered by Late-Season Pitching Acquisitions
- The Cost of Speech is Zero, True Strength Lies in Unity
- Aiming to simplify the move towards cleaner automobiles, the newly established ministry plans to take direct action with Pannier-Runacher, Létard, and Vautrin at the helm.
- "The imperfect yet essential documentary, "Planet of the Humans," raises challenging and uncomfortable inquiries"
