The EU aims to invest billions of euros in chip push, says EU Breton

Brussels — The European Union aims to invest tens of billions of euros to strengthen the chip industry and double its share of global production to 20%, Brock’s industry director said Friday. rice field. supplier.

The EU’s ambitious plans were announced last year after the United States announced $ 52 billion in CHIPS in US law to make it more competitive with Chinese technology.

“I don’t want to give you a level of investment today, but it will be commensurate with what the United States wants to put in,” Thierry Breton of the European Industry Commission told journalists.

“We are working on all the different payments, especially in countries, Europe and regions, but of course we make sure that adding them all gives us what we need and is commensurate with it.” He said.

The EU Chip Act, announced last September by European Commission President Ursula von der Reyen and scheduled to be materialized by EU executives on February 8, covers investment over the next 20-30 years.

Promoting EU chips includes setting up a program funded by EU member states for the production of cutting-edge chips and a design platform for producers, software companies, and users to test new applications. increase.

Loose state aid rules apply to “first-class” production facilities in Europe.

“We do whatever it takes to attract strategic investment. We are the first in Europe to set conditions without state assistance for supply security and catch-up technology,” Breton said. I am saying.

“I want to make the EU a net exporter of semiconductors, like vaccines. We are doing the same in the strategic geostrategy industry, such as batteries and pharmaceuticals. We need to do everything, not ourselves. It has the ability to prevent the EU from being held hostile in response. “

By Jan Strupczewski