New examine reveals significance of semiconductor trade

2024-05-23 12:12:05

FEEI welcomes the fast nationwide implementation of the EU Chip Act

Vienna(OTS) The ASCII examine launched immediately as soon as once more reveals the significance of the home semiconductor trade and factors to alternatives and progress areas in Austria.

Semiconductors are indispensable
Semiconductors have turn out to be an integral a part of each day life. They are often present in cell telephones, laptops, vehicles, medical know-how and passports. Semiconductors contribute 50% of world financial output. They’re levers for innovation, productiveness and prosperity. They supply technological options to social challenges reminiscent of demographic change, useful resource shortage and urbanization, and are essential for sustaining essential infrastructure, enabling decarbonization and digital transformation.

Strengthening Europe’s place as a enterprise location
Presently, about 20% of wafers are utilized in Europe, however solely about 10% are produced within the nation. This makes Europe depending on different spheres of energy and jeopardizes stability and safety – particularly given the present geopolitical scenario. With a view to broaden the EU’s semiconductor manufacturing, obtain technological sovereignty, and place Europe in a extra favorable place in world competitors, the EU launched the “EU Chip Act” final yr. The Austrian federal authorities responded shortly and introduced that it’ll present roughly 3 billion euros of funding till 2031 to help funding initiatives within the home semiconductor trade. This may set off potential funding of greater than 7 billion euros within the area’s chip trade. Lengthy-term methods are additionally wanted at European degree to construct and strengthen key applied sciences.

Focused enlargement of Austria’s main place
Martin Kocher, Minister of Labor and Financial system, Sabine Herlitschka, Chairman of the ASCII Advisory Board, Chairman of the Board of Administrators of Infineon Applied sciences Austria and Vice Chairman of FEEI, Franz Staberhofer, President of ASCII, and Peter Klimek, Director of ASCII, offered a brand new examine at a press convention immediately: It reveals the significance of the semiconductor trade for progress and as soon as once more confirms Austria’s export drive. By the analysis outcomes, industrial benefits might be extra precisely recognized and additional expanded. In a comparability with the EU, primarily based on the dimensions of the economic system, Austria ranks first by way of the share of microelectronics manufacturing in whole added worth, whole employment and company R&D.

Strengths and progress areas
Present areas of power are the manufacturing of semiconductor manufacturing gear and gear and the manufacturing of main and intermediate manufacturing. “Packaging” and “Design” and “Embedded Software program” additionally elevated. Alternatives in Austria come up within the subject of business functions, and one progress space is especially evident within the automotive sector. Whereas typical vehicles have already got about 1,500 chips put in, electrical vehicles have about twice as many. The required transformation of mobility creates big potential for home chip suppliers. Market segments of accelerating exclusivity and significance mixed with low capital depth and excessive worth creation results present additional alternatives.

About FEEI – Commerce Affiliation for the Electrical and Electronics Business
The Electrical and Electronics Business Affiliation represents the pursuits of Austria’s third largest trade, with roughly 300 firms, roughly 72,000 staff, and a manufacturing worth of 23.34 billion euros (as of 2022). Along with its community companions – together with the College of Utilized Sciences Vienna, UFH, the Business 4.0 platform, the Discussion board for Cell Communications (FMK), the Affiliation of Various Telecommunications Community Operators (VAT) and the Railway Business Affiliation – FEEI’s goal is : Strengthening the place of the Austrian electrical and electronics trade in world competitors.

Questions and call info:

FEEI – Commerce affiliation for {the electrical} and electronics trade
MM Journal. Katrin Pruller-Nussbaumer
communication line
+43/1/588 39-61

#examine #reveals #significance #semiconductor #trade

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.