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EU Boosts Industrial Strategy, Targets Semiconductors Amid Global Tech Rivalry

Europe is ramping up its semiconductor production. With global tech rivalry heating up, the EU aims to enhance its digital sovereignty and reduce technological dependencies.

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2 min read
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This picture is clicked inside the room. In this picture, we see a table on which laptop, speaker, monitor, keyboard, ball, mouse, scanner and papers are placed. In the left bottom of the picture, we see a table on which electronic goods are placed. Behind that, we see a wall on which charts and posters are pasted.

EU Boosts Industrial Strategy, Targets Semiconductors Amid Global Tech Rivalry

The EU is bolstering its industrial strategy, focusing on digitalization and sustainability. Key technologies are the target, with semiconductor production in Europe set to expand. Meanwhile, Bitkom President Achim Berg calls for a more active role in global tech, citing trade conflicts and shortages as catalysts.

The EU aims to strengthen its capabilities and capacities in key technologies, with a focus on digitalization and sustainability. Promoting industry in Europe is seen as the most important tool to increase competitiveness and reduce technological dependencies.

TSMC, Bosch, Infineon, NXP Semiconductors, and the Joint Venture European Semiconductor Manufacturing Company (ESMC) are collaborating to boost Europe's semiconductor production. A factory in Dresden is planned for 2027, supported by the EU-Chips Act and the Climate and Transformation Fund. The goal is to enhance European semiconductor capacities, improve digital sovereignty, and ensure a sustainable, powerful, and secure chip supply for critical sectors like automotive, medicine, and industry.

Berg suggests targeting areas where Europe is already strong, such as digital platforms, AI in mobility, and healthcare, to build on existing strengths. He also calls for a new approach to third countries, emphasizing the need for competition and cooperation on an equal footing. Berg highlights trade conflicts, 5G disputes, and chip shortages as reasons for Europe's need to play a greater role in the global tech industry. He stresses the importance of active industrial policy for Europe, with semiconductor and cloud technologies identified as strategically important sectors.

The EU's industrial strategy is set to strengthen Europe's key technologies, with semiconductor production in Europe expanding. Bitkom President Achim Berg emphasizes the need for Europe to play a greater role in the global tech industry, citing trade conflicts and shortages as driving factors. With 85% of companies believing the German government should remain neutral in the USA-China trade conflict, and only 4 out of 10 companies having great confidence in the USA's economy, Europe's active involvement in tech is increasingly crucial.

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