2023-04-21 05:43:10
Following the United States, the European Union has also begun to provide large-scale support for ‘semiconductor independence’.
According to major foreign media such as the Associated Press, the European Union on the 18th (local time) agreed on a plan to boost semiconductor production to free Asia from its dependence on tiny computer chips that control everything from cars to washing machines.
The European Parliament, the European Commission and the Council (27 member states) have reached an agreement on a 43 billion euro ($47 billion) Chips Act.
“The chip law has put Europe at the forefront of cutting-edge technologies essential for a green and digital transition,” said Ebba Busch, the Swedish Minister of Industry and Trade, who holds the EU presidency, in a statement.
During the consultation process, the EU Chip Act agreed to expand support not only for cutting-edge semiconductor factories, but also for cutting-edge technologies as well as the entire semiconductor supply chain, including the old process production sector, research and development (R&D), and design sectors. It aims to double the EU’s share of the global chip production market from 9% today to 20% by 2030.
Both the US and EU aim to reduce their reliance on Asia, which accounts for the majority of global semiconductor production, as global supply chain disruptions during the COVID-19 pandemic experienced shortages in cars, smartphones and medical devices.
A chip is an integrated circuit embedded in a semiconductor, a material (particularly silicon) that can manage the flow of current. The terms “chip” and “semiconductor” are often used interchangeably.
Previously, in early August of last year, the United States promulgated the Semiconductor Industry Fostering Act worth 280 billion dollars, or about 366 trillion won, and declared ‘Semiconductor Made in America’.
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