“More than 100 billion of investments planned on European territory”, (Thierry Breton)

2023-08-10 09:21:00

Europe is not abandoning its quest for self-sufficiency in semiconductors, the real brains of our connected devices.

At the microphone of RTL, Thierry Breton, European Commissioner for the Internal Market announced this Thursday, that ” it is more than 100 billion of investments which are now programmed on the European territory ».

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A very important figure which confirms the proper implementation of the “strategy (of) Chips Act ”, which aims to invest 43 billion euros in public investment to increase the production of electronic chips in the European Union to 20% of the world capacity by 2030, against 10% today. This ambitious plan – similar to the American plan of 52 billion dollars – provides in particular 12 billion euros for the research component and nearly 30 billion euros from the Member States for the construction in particular of three to five very large factories. (Megafab).

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And the European Commissioner is confident of its successful implementation.

« Yes we will keep our goal [d’atteindre 20% de la capacité mondiale, NDLR]we may even reach it in advance “, he assured.

Regaining self-sufficiency in the face of rising geopolitical tensions

Thierry Breton wants have in production capacity on European territory, the microprocessors we need ». « We had this capacity 30 years ago, we gradually lost it to Asia (…) to produce only 9% of the world’s capacity “, he regrets.

A look at globalization that is becoming increasingly critical in the face of growing geopolitical and economic tensions between the United States, China and Europe.

« We are in competition: we are in competition with Asia “, with the United States, ” we can no longer live only with a kind of naivety saying that, ultimately, it is the only market that wins », « we must also support these investments ” Who ” are very heavy “, defended the European commissioner.

A TSMC factory announced in Germany

And the speeches are complemented by announcements of factory construction. ” Today, more than 68 projects in 19 countries will allow us to regain our competitiveness and also our strategic autonomy. summed up the former CEO of the Atos group.

Last announcement to date, and not the least, that Wednesday of the establishment of the first European factory of the Taiwanese giant of electronic chips TSMC in Dresden, in the east of Germany. The manufacturer plans to invest ten billion euros in the region, already a stronghold of the semiconductor industry in Europe. The German state should for its part invest five billion euros in subsidies, through the federal fund for climate and transformation. TSMC, which has a virtual monopoly on advanced semiconductors, is seeking to internationalize for fear of an invasion of Taiwan by China.

(With AFP)

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