The EU is ready to invest billions to get out of its dependency

Last month we came back to the European Union’s plan to free the old continent from the risky dependencies on American and Asian tech companies for electronic chips. The goal was then clearly set: to increase the proportion of locally produced advanced semiconductors to 20% by 2030.

To this end, the idea of ​​a European foundry was proposed to manufacture in larger quantities and more efficiently than at present. The market leaders therefore turned to companies such as TSMC or Samsung to develop the production capacities of semiconductors below 10 nm.

Talks with executives from TSMC and Intel

Progress has been going on since the presentation of this roadmap. In an interview with the Frankfurter Allgemeine Zeitung, EU Commissioner Thierry Breton said a little more. In particular, he said the EU was particularly keen to increase production capacity for advanced 5.3 and 2 nanometer chips.

As already planned, Europe is therefore coming into contact with the large companies in the sector. To convince her, she says she is ready to take out her checkbook. Tens of billions of euros could be made available to encourage these companies to set up their production facilities in EU countries.

Talks with executives from Intel and TSMC begin this week. Others are expected to follow suit with Samsung. The tech giant has rightly pointed out that it intends to make the semiconductor sector a major engine of its growth in the future.

As a reminder, the United States is not left out on this issue. In fact, Joe Biden’s new administration has made it a priority and passed a series of executive orders aimed at strengthening the semiconductor supply chain over the long term. The new president also wants to promote the production of electronic chips directly in the USA. Those responsible at Intel and Qualcomm have already asked the federal government for financial support for these local productions, but the discussions are still ongoing.

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