Microchips: EU to present law to defend “technological sovereignty”

Improving the competitiveness of the European Union and ensuring its technological sovereignty is the stated objective of Commission President Ursula Von der Leyen. During her State of the Union speech, she announced the presentation next toa European law on electronic chips. Brussels wants reduce dependency semiconductors manufactured in Asia.

As we speak, entire production lines are already idling despite growing demand due to a shortage of semiconductors. As global demand has exploded, Europe’s share in the entire value chain, from design to manufacturing capacity, has shrunk“, underlined Mrs von der Leyen, calling for proof”of audacity“facing a challenge”colossal“.

The objective is to together create a European semiconductor ecosystem at the cutting edge of progress, integrating production. This secures our supplies and will allow us to develop new markets for innovative European technologies.“, she added.

According to the European Commissioner for the Internal Market, Thierry Breton, a European law should cover three aspects : a European semiconductor research strategy, a collective plan to strengthen European production capacity and a framework for international cooperation and partnership.

Indispensable in everyday objects such as cars or mobile phones, semiconductors are the subject of a global shortage and Europe is increasingly dependent on Chinese or American imports in this market estimated at 440 billion euros.

This shortage has affected sectors ranging from consumer electronics to car manufacturing. It is one of the main obstacles to economic recovery of the European Union, after the crisis caused by the Covid-19 pandemic

Car manufacturers are faced with a succession of crises. They survived COVID and now they have to deal with this semiconductor shortage. This is likely to slow down the recovery for at least six months, maybe even a year or 18 months. This will reduce the total supply of cars for sale“said Jim Holder, editorial director of Autocar and What Car?

Last year, the Commission unveiled its intention to invest a fifth of its COVID-19 stimulus fund, endowed with 750 billion euros, in digital projects.

By 2030, the European Union aims to produce 20% of semiconductors in the world, or a doubling of its current share, according to a roadmap presented in early March by European Commission Vice-President Margrethe Vestager and Commissioner Thierry Breton.

Reference-feedproxy.google.com

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