EU pushes European Chips Law for global market share doubling by 2030

Translation and commentary: Jenny Ball
Editor: peacelv

Chairman of European Commission Ursula von der Leyen said on Monday (November 15) that the European Chips Law will be introduced next year. (Win McNamee/Getty Images)

European Commission Chairman Ursula von der Leyen stated on Monday that the contents of the European Chips Act will be proposed next year, with the goal of European chips taking up the global market share doubling by 2030 from the current 10% to 20%, and it is necessary to produce the most technologically advanced chips.

According to the EU’s official website, Von der Lein said during her visit to the Dutch semiconductor equipment manufacturer ASML on Monday that the EU will vigorously promote investment in the semiconductor industry chain in order to achieve self-sufficiency in supply and enhance European competitiveness.

Von der Lein announced in September this year that the “European Chips Law” will be enacted, and now it is more clearly pointed out that the European Union will introduce the content of the bill in the first half of next year. The goal is to double the global market share of European chips by 2030 from 10% to 20%; she also said that the increase in European chip production is beneficial to Europe, because representatives can reduce their dependence on some East Asian countries.

At the beginning of the pandemic, many chip manufacturers stopped production, but the demand for remote teaching and work at the same time soared, which caused a global chip shortage, which has not yet been resolved. The European side is aware of the dangers caused by excessive dependence on Asian and American chip suppliers, so the European Union actively promotes the chip law, especially in the first half of next year, France will hold the rotating presidency of the European Union, and has the lead in promoting the topic.

However, foreign media have reported that Europe is still facing obstacles to increase the supply of chips, because European companies are not willing to make large investments when they are not sure whether factories can operate at full capacity to increase profits.

Whether the EU cooperates with Taiwan’s major semiconductor manufacturers has also attracted much attention. Sabine Weyand, Director of the European Commission’s Directorate-General for Trade, said last month that after the law goes on the road, Europe will increase chip production and hopes to cooperate with partners such as Taiwan, not only because Taiwan is good at semiconductor production, but also because ” Technology is a safety issue.” It is better to cooperate with like-minded partners.

Commentary: One stitch in time saves hundred. CCP will definitely not be happy to see this Chips Law.

Source of the article: hk.epochtimes.com

Disclaimer: This article only represents the author’s view. Gnews is not responsible for any legal risks.

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