No chips, no glory: Dutch €900m bid for funding

No chips, no glory: Dutch €900m bid for funding

Business news |
By Nick Flaherty

The Dutch chip industry is calling for €900m of support for innovation over the next six years.

The Netherlands has an important geopolitical voice through the semiconductor industry, says trade group ChipsNL as a new government is sworn in.

However, the Dutch chip industry – consisting of 82% SMEs and a few global champions – is increasingly in danger of falling behind the competition due to a lack of focus, public investments and a joint strategy, it says.

The ChipNL consortium is requesting €100m to €150m per year in public co-financing for an innovation programme for the coming six years.

It says the sector can achieve annual growth of €9.8bn in 2030, which could increase to €16.7 billion per year if the growth scenario (doubling of the global market) continues.

This would help the earning capacity of the entire value chain, largely consisting of SMEs from all over the Netherlands, improve, which increases the number of customers and prevents the loss of knowledge and jobs in SMEs.

This would also maintain the current status quo and international position, as highlighted by giants such as ASML, by alleviating the ongoing pressure caused by crowding-out effects and geopolitical shifts.

In addition to co-financing, making R&D subsidies more accessible and expanding projects, stimulating production through a joint strategy and improving the Dutch capital markets are necessary.

The first steps towards this have been taken by investing in talent for the semiconductor industry through the ‘Reinforcement plan microchip talent’ from Project Beethoven.

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