At the World Economic Forum in Davos, the President of the European Commission, Ursula von der Leyen, announced that the Chip Act will be launched in February. • In February the committee will present the Chip Act to strengthen the production capacity of microchips and include changes to state aid rules to create factories for production in the EU • • These are the words that von der Leyen has spoken in, confirming the firm will to significantly increase the specific weight of Europe in a sector that is fundamental to modern economies.

Ursula von der Leyen correctly recalled that demand for semiconductors in the world is exploding.

• Microchips are everywhere nowadays, there is no digital economy without microchips and EU requirements will double in ten years • added EU president. For this reason, von der Leyen continues, the European Union must quickly invest and engage in chip applications. According to the president, by 2030 20% of the world’s microchip production will have to take place within the

To date, the supply of chips comes from a small number of extra European companies, and this addiction is proving to be a huge problem for the Old Continent.

Hence the need for the Chip Act announced by von der Leyen.

According to the President of the European Commission, Europe has no shortcomings in terms of research or even the components needed to build chip factories. It is therefore a question of adopting an effective strategy that will enable Europe to play an important role in what is likely to be the most central sector for the near future.

The Chip Act will act on five key points: increased European production, leadership in design, improving the toolbox to cope with chip shortages, support for innovative SMEs and a change in state aid rules to support capacity

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