EU wants to boost its chip production due to a global supply shortage fueled by COVID-19
Bits & Chips
The European Union has plans to become less reliant on technologies traditionally manufactured outside of the bloc, such as the ramping up of chip production.
Semiconductors are used in almost all electronic devices, from laptops and mobile phones to the brake sensors in our cars. However, the EU represents less than 10% of the global production of these chips.
Amid a global shortage of semiconductors, as well as tensions between China and the U.S., the bloc believes it is time to improve its digital sovereignty.
“It is our proposed level of ambition that by 2030 the production of cutting-edge and sustainable semiconductors in Europe including processors is at least 20% of world production in value,” the European Commission said in a document to lawmakers on Tuesday.