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Invest 3.3 billion euros! The EU's Chip Act has been officially passed
Invest 3.3 billion euros! The EU's Chip Act has been officially passed
Author：netwing Time：2023-07-24 Browse：
In the past few years, due to the impact of the COVID-19 and the challenge of political geopolitical relations, Europe has experienced an unprecedented shortage of chips, posing a great threat to Europe's automobile, energy, communications, health, security and other fields. In this context, the European Union further regards chips as an important strategic resource and has launched relevant chip industry support policies to strengthen the autonomy of the chip supply chain.
On July 11th local time, the European Parliament passed another plan to ensure the supply of chips to the European Union by promoting production and innovation, and formulated emergency measures to address chip shortages.
In April this year, the European Parliament, the European Council, and the Executive Committee reached a tripartite consensus and approved the latest chip industry support policy. By investing 43 billion euros in the semiconductor industry, the goal is to increase the share of chips manufactured in Europe to 20% of the world by 2030.
Extended reading: The EU may approve the chip bill agreement before April 18th
On July 11th local time, the European Parliament passed another plan to ensure the supply of chips to the European Union by promoting production and innovation, and formulated emergency measures to address chip shortages.
It is reported that the legislation will support projects that promote EU supply security by attracting investment and improving production capacity. At the same time, the EU will invest 3.3 billion euros in research and innovation related to chips, by establishing a network of capability centers to address the EU's chip shortage problem and attract new research, design, and production talents.
In recent years, the importance of chips in the global key industry chain has been increasingly prominent. In August 2022, the European Chips Survey Report released by the European Commission stated that global chip demand is expected to double from 2022 to 2030. However, currently, Europe's overall share in the global semiconductor production market is less than 10% and heavily relies on Asian chip manufacturers.
In response, the European Commission has warned that if the global chip supply chain is disrupted, Europe's chip reserves in industries such as automobiles and healthcare equipment may be depleted within weeks, causing many European industries to come to a halt. Therefore, the EU hopes to ensure the safe supply of semiconductor chips in Europe and reduce the external dependence of the EU industry chain by introducing local chip industry support policies.
However, the increasing risk of global semiconductor supply chain decoupling will have a certain impact on traditional advantageous industries such as EU automobiles and machinery, or may once again trigger a semiconductor supply chain crisis.
According to the latest European Chip Initiative, its overall goal is to support the EU's large-scale semiconductor technology capacity building and innovation, for the development and deployment of next-generation cutting-edge semiconductor and quantum technologies, thereby strengthening the EU's capabilities in innovative design, system integration, and chip production, in order to achieve digital and green transformation of the European economy.
From the perspective of the latest chip industry policies, the EU will establish a network of capability centers to address skill shortages by attracting new talents in research, design, and production; Establish a crisis response mechanism, with the European Commission assessing the risks and early warning indicators of semiconductor supply in member states;
It is understood that the EU will also establish a crisis response mechanism to assess the risks faced by the EU's semiconductor supply. The warning indicators of member states will be used to trigger shortage alerts across the European Union. This mechanism will enable the European Commission to implement emergency measures, such as prioritizing the supply of products severely affected by shortages or conducting joint procurement for member states.
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