Subj : EU needs to update Chips Act and provide more support, semiconduc
To   : All
From : TechnologyDaily
Date : Tue Sep 03 2024 14:45:06

EU needs to update Chips Act and provide more support, semiconductor body says

Date:
Tue, 03 Sep 2024 13:31:00 +0000

Description:
A European body representing the chips sector is urging the EU to update its 
Chips Act to offer more support.

FULL STORY
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The European Union has been urged to update its Chips Act with a revised 2.0 
version in a bid to boost the continents semiconductor industry. 

The push comes from the European Semiconductor Industry Association (ESIA) in 
light of ongoing geopolitical tensions and increased competition. 

The ESIA highlighted the need for a more strategic approach to chip policy 
under the incoming EU Commission, asking for fewer export restrictions and 
more readily available aid. ESIA calls for more chip support 

In a statement (via Reuters ), the ESIA stated: A dedicated 'Chips Envoy' 
responsible for the overall industrial policy approach to semiconductors is a 
necessity. 

The ESIA represents the likes of Infineon, STMicroelectronics, NXP, ASML, 
imec, Fraunhofer and CEA-Leti 

This comes in response to an April 2023 Chips Act, which included a 43 
billion subsidy plan to help increase Europes share of the global chip market 
to one-fifth by the end of the decade. For four decades, Europe has 
maintained around 15% share in the global market. 

Since the first act, delays such as the postponement of Intels Magdeburg 
project have raised concerns about its effectiveness. Pending EU aid approval 
is to blame for the delay. 

The ESIA also acknowledged the need for security, calling for a more positive 
approach focused on support and incentives rather than restrictions when it 
comes to export policies. Netherlands-headquartered ASML has faced such 
restrictions on some of its products destined for China in line with EU and 
US policies that have been put in place to hinder Chinas technological and 
military advancements. 

In response, China has been circumventing restrictions by buying legacy 
hardware, however the country has been unable to obtain ASMLs newer products 
under the export restrictions. 

Looking ahead, Dutch Prime Minister Duck Schoof indicated that the government 
will consider ASMLs impact on the countrys economy: ASML is for the 
Netherlands an extremely important, innovative industry that should not 
suffer under any circumstances, because that would damage ASML's global 
position. More from TechRadar Pro These are the best processors Go online 
with the best cloud computing services Government support desperately needed 
for UK software industry



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Link to news story:
https://www.techradar.com/pro/semiconductor-body-calls-for-eu-chips-envoy-more
-support


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