{"id":570891,"date":"2023-04-19T15:05:52","date_gmt":"2023-04-19T12:05:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\/"},"modified":"2023-04-19T15:05:52","modified_gmt":"2023-04-19T12:05:52","slug":"green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\/","title":{"rendered":"#Green light for \u20ac43bn EU Chips Act in big boost for bloc\u2019s semiconductor industry"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a279af226514\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a279af226514\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\/#Three_pillars\" >Three pillars<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\/#The\" >The &lt;3 of EU tech<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\/#Securing_future_supply\" >Securing future supply<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<div id=\"article-main-content\">\n                            <span style=\"font-weight: 400;\">EU member states reached a provisional agreement on Tuesday for a \u20ac43 billion plan to bolster domestic production of semiconductor chips \u2014 essential components in everything from phones to cars and refrigerators.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The EU Chips Act, proposed by the Commission in February of last year, looks to double the bloc\u2019s global market share in semiconductors from 10% to 20% by 2030.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The act also seeks to build resilience in Europe\u2019s semiconductor supply chain, which is highly dependent on a limited number of foreign suppliers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cChips are essential for all our digital and digitised products,\u201d <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_2045\"><span style=\"font-weight: 400;\">said<\/span><\/a><span style=\"font-weight: 400;\"> Margrethe Vestager, Danish politician and executive vice-president for a Europe Fit for the Digital Age.\u00a0Vestager said she believes that the agreement will help \u201csecure the supply of innovative semiconductors in Europe\u201d and make Europe\u2019s chip industry more competitive.\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Three_pillars\"><\/span><b>Three pillars<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"inarticle-wrapper latest channel-cta hs-embed-tnw\">\n<div id=\"hs-embed-tnw\" class=\"channel-cta-wrapper\">\n<div class=\"channel-cta-img\"><img decoding=\"async\" class=\"js-lazy\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/div>\n<p><noscript><img decoding=\"async\" src=\"https:\/\/s3.amazonaws.com\/events.tnw\/hardfork-2018\/uploads\/visuals\/tnw-newsletter.png\"\/><\/noscript><\/p>\n<div class=\"channel-cta-input\">\n<h2 class=\"channel-cta-title\"><span class=\"ez-toc-section\" id=\"The\"><\/span>The &lt;3 of EU tech<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p class=\"channel-cta-tagline\">The latest rumblings from the EU tech scene, a story from our wise ol&#8217; founder Boris, and some questionable AI art. It&#8217;s free, every week, in your inbox. Sign up now!<\/p>\n<\/div>\n<\/div>\n<\/div>\n<p><span style=\"font-weight: 400;\">The Commission has proposed three key pillars to deliver on the Act. The first \u2014 the Chips for Europe Initiative \u2014 aims to support \u201clarge-scale technological capacity building\u201d and \u201cbridge the gap\u201d between research and industry. The initiative will be supported by combined investments from the union, member states, and the private sector, including \u20ac6.2 billion in public funds.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The second pillar will incentivise public and private investments in manufacturing facilities for chipmakers and their suppliers.<\/span> <span style=\"font-weight: 400;\">This will contribute to the overall public investment in the sector, which is estimated at \u20ac43 billion.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The third pillar is for a monitoring and crisis response system to anticipate supply shortages. The EU member states and the Commission will develop a joint coordination programme <\/span><span style=\"font-weight: 400;\">to boost collaboration, monitor supply, estimate demand, and trigger a \u201ccrisis stage\u201d if necessary.<\/span><span style=\"font-weight: 400;\">\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thierry Breton, EU Commissioner for Internal Market, said the Chips Act will enable the mobilisation of \u201cconsiderable public funding\u201d and a supportive regulatory framework to turn these three pillars \u201cinto reality.\u201d\u00a0<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Securing_future_supply\"><\/span><b>Securing future supply<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Semiconductor chips are the building blocks of digital products. Demand for them is <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.consilium.europa.eu\/en\/infographics\/eu-chips-act\/\"><span style=\"font-weight: 400;\">expected<\/span><\/a><span style=\"font-weight: 400;\"> to double between 2022 and 2030, with the industry predicted to reach a global market value of $1 trillion within the same timeframe.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">But <\/span><span style=\"font-weight: 400;\">several vital tech sectors in the EU have been <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/oeil.secure.europarl.europa.eu\/oeil\/popups\/summary.do?id=1692567&amp;t=d&amp;l=en\"><span style=\"font-weight: 400;\">suffering<\/span><\/a><span style=\"font-weight: 400;\"> from supply shortages in semiconductor chips, in part because they rely on just a few suppliers and countries, in particular Asia for supply, and the US for design.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">T<\/span><span style=\"font-weight: 400;\">his dependency means Europe\u2019s chip reserves in some sectors like the automotive industry could <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/QANDA_22_730\"><span style=\"font-weight: 400;\">run out<\/span><\/a><span style=\"font-weight: 400;\"> in just a few weeks if disrupted. Shortages have also <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/digital-strategy.ec.europa.eu\/en\/library\/european-chips-act-factsheet\"><span style=\"font-weight: 400;\">led<\/span><\/a><span style=\"font-weight: 400;\"> to price-hikes for electronics, lengthier delivery time for consumer products, and a decrease in manufacturing capacity.\u00a0<\/span><\/p>\n<figure class=\"post-image post-mediaBleed aligncenter\"><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1395672 js-lazy\" alt=\"\" width=\"767\" height=\"511\" sizes=\"auto, (max-width: 767px) 100vw, 767px\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT.jpeg\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT.jpeg 767w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-280x187.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-203x135.jpeg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-405x270.jpeg 405w\"\/><figcaption><a rel=\"nofollow noopener\" target=\"_blank\" href=\"#\" data-url=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Feditorial.thenextweb.com%2Fdeep-tech%2F2023%2F04%2F19%2Fgreen-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry%2F&amp;via=thenextweb&amp;related=thenextweb&amp;text=Check out this picture on: A typical EV is built using between 1,500 and 3,000 semiconductors, making the industry particularly vulnerable to shortages of the chips.\" data-title=\"Share A typical EV is built using between 1,500 and 3,000 semiconductors, making the industry particularly vulnerable to shortages of the chips. on Twitter\" data-width=\"685\" data-height=\"500\" class=\"post-image-share popitup\" title=\"Share A typical EV is built using between 1,500 and 3,000 semiconductors, making the industry particularly vulnerable to shortages of the chips. on Twitter\"><i class=\"icon icon--inline icon--twitter--dark\"\/><\/a>A typical EV is built using between 1,500 and 3,000 semiconductors, making the industry particularly vulnerable to shortages of the chips.<\/figcaption><noscript><img decoding=\"async\" loading=\"lazy\" class=\"size-full wp-image-1395672\" src=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT.jpeg\" alt=\"\" width=\"767\" height=\"511\" srcset=\"https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT.jpeg 767w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-280x187.jpeg 280w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-203x135.jpeg 203w, https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EV-semiconductor-EU-chip-ACT-405x270.jpeg 405w\"\/><\/noscript><\/figure>\n<p><span style=\"font-weight: 400;\">Against this backdrop, and as Europe looks to scale more sustainable but chip-intensive technologies, like EVs, securing future supply of semiconductor chips has become a top priority for the bloc \u2014 hence the Chips Act.\u00a0\u00a0\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ebba Busch, Swedish Minister for energy, business, and industry, said she believes the Act will \u201csecure the EU\u2019s resilience in turbulent times\u201d and transform the EU\u2019s \u201cdependency into leadership, vulnerability into sovereignty, and expenditure into investment.\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Since the proposal for the Chips Act was announced, investment has already reached between \u20ac90-100 billion, including for projects such as <\/span><span style=\"font-weight: 400;\">Intel\u2019s <\/span><span style=\"font-weight: 400;\">giant \u20ac17bn chip factory planned<\/span><span style=\"font-weight: 400;\"> for Magdeburg, Germany. N<\/span><span style=\"font-weight: 400;\">ow it has winded its way through the EU\u2019s legislature, the Act is expected to boost investment further, and create the skills and knowledge base necessary to reach the bloc\u2019s ambitious targets.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, many other <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/eu-may-struggle-catch-up-with-us-asia-chips-subsidies-race-2023-04-18\/\"><span style=\"font-weight: 400;\">regions<\/span><\/a><span style=\"font-weight: 400;\"> have their own semiconductor strategies that risk undermining the EU\u2019s vision. The US has its $52 billion CHIPS for America Act, and South Korea has pledged hundreds of billions of dollars to boost its chips sector.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">To secure its market share, the bloc should play to its chipmaking strengths, Christopher Cytera, research fellow at the Centre for European Policy Analysis, told <\/span><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.reuters.com\/technology\/eu-may-struggle-catch-up-with-us-asia-chips-subsidies-race-2023-04-18\/\"><span style=\"font-weight: 400;\">Reuters<\/span><\/a><span style=\"font-weight: 400;\">. For instance, Dutch firm <\/span><span style=\"font-weight: 400;\">ASML is the sole supplier of extreme ultraviolet lithography (EUV) machines, and Germany\u2019s Siemens develops EDA software used in the designs of integrated circuits.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Both firms, and many others like them, <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ear to be eligible for funding under the European Chips Act, which<\/span><span style=\"font-weight: 400;\"> now needs to be finalised and endorsed before being formally adopted by both the Council and Parliament. <\/span>\n                        <\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more like this article, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/technology\/\" target=\"_blank\" rel=\"noopener\">Technology category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/thenextweb.com\/news\/green-light-for-e43bn-eu-chips-act-in-big-boost-for-blocs-semiconductor-industry\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>EU member states reached a provisional agreement on Tuesday for a \u20ac43 billion plan to bolster domestic production of semiconductor chips \u2014 essential components in everything from phones to cars and refrigerators. The EU Chips Act, proposed by the Commission in February of last year, looks to double the bloc\u2019s global market share in semiconductors&#8230;<\/p>\n","protected":false},"author":1,"featured_media":570892,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/img-cdn.tnwcdn.com\/image\/tnw-blurple?filter_last=1&fit=1280,640&url=https:\/\/cdn0.tnwcdn.com\/wp-content\/blogs.dir\/1\/files\/2023\/04\/EU-chips-act-europe-semiconductors.jpg&signature=dd7b1d6f76b78109f7fdb81414d9d562","fifu_image_alt":"","footnotes":""},"categories":[18],"tags":[],"class_list":["post-570891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/570891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=570891"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/570891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/570892"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=570891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=570891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=570891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}