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Technology Stocks : Semi Equipment Analysis
SOXX 281.61+1.7%Nov 19 4:00 PM EST
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To: Sam who wrote (86579)3/5/2021 8:43:40 AM
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EU Sets 2030 Target to Produce Cutting-Edge SemiconductorsBy
Alberto Nardelli
and
Natalia Drozdiak

March 4, 2021, 7:57 AM PST
The European Union is planning to produce its own advanced semiconductors by 2030, part of the bloc’s plans to reduce “high-risk dependencies” on technology companies in the U.S. and Asia.

Officials want to ensure that at least 20% of the world’s cutting-edge semiconductors by value are produced in Europe by the end of the decade, according to a draft document obtained by Bloomberg. The document, which could still change, is due to be presented next week by the European Commission, the bloc’s executive body.

The EU has discussed potentially establishing a new foundry as part of a plan to boost semiconductor production in Europe, Bloomberg has reported previously. The EU wants to manufacture chips faster than the most efficient 5nm semiconductors made by industry leaders Taiwan Semiconductor Manufacturing Co. and Samsung Electronics Co.

“A reduction in critical dependencies will enable the EU to become digitally sovereign and better able to assert European interests,” the EU said in the document, which said its approach would seek to support “the open nature of the Internet.”
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