SEMI Europe urges haste with European Chips Act
SEMI Europe, the semiconductor industry body, has urged the European Union to adopt the European Chips Act quickly, but also recognize where it falls short and involve the industry in its management.
SEMI Europe and co-signatories to a joint statement have pointed out the sums of money discussed by the European authorities fall far short of the necessary spend to achieve the European Union’s stated goal of 20 percent of global chip production
SEMI said the European Chips Act could be useful in attracting the necessary investment to boost chip manufacturing and R&D but that SEMI Europe and others should be invited into discussions on the legislation with the European Parliament, Member States and the European Commission.
“Speedy adoption of the European Chips Act will significantly accelerate Europe’s work to attract investments to build up chip manufacturing capacity and R&D,’ said Laith Altimime, president of SEMI Europe, in a statement.
Advice for Europe
In the joint statement the signatories agreed that the European Chips Act should: focus on the investment conditions to make Europe more competitive; provide more details about the supply chain monitoring and crisis response powers the act contains; involve industry in the EU Chips Act’s governance.
The European Chips Act, which was touted at the end of 2021 and beginning of 2022, will be worth tens of billions of euros of reallocated state aid, but it is still being refined by the European Council and Parliament.
Lithography equipment maker ASML, in a position paper prepared in response to the news of the impending European Chips Act, estimated that to grow European’s share of global chip production to 20 percent by 2030 would require a capital expenditure of US$264 billion (about €250 billion) at current values. So European companies should be spending about $30 billion a year.
SEMI Europe has also published its own position paper here.
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