Member nations of the European Union have jointly proceeded with a Dutch-led plan to invest a substantial sum, amounting to tens of billions of euros, into the semiconductor sector as part of a concerted effort to further lessen Europe's dependency on the United States and China, as noted by Caretaker Minister of Economic Affairs Vincent Karremans.
2 months Ago
Renewed Investments under the EU Chips Act
Karremans reiterated that the plan must at least replicate the 43-billion-euro investment scheme announced in 2023, under the EU Chips Act, which will likely end its current run within the next few years. "You want to create much more independence. In that sense, it usually involves money, and then you also want to create a market," he stated.
He noted that support would not only be for company investment, but that other variables would also need to be addressed, including nitrogen emissions and grid congestion, which limit industrial growth in the EU. The chip industry is particularly important for the Netherlands, as ASML, which is located in Noord-Brabant, is widely regarded as the preeminent company globally in chip-making machinery.
Education, Collaboration and Global Context
The joint proposal also points to the need for better collaboration between larger and smaller chip makers in Europe, and more avenues for funding in technical educational programs to build a workforce for the future.
"Technology is developing very fast and the curriculum is lagging. In America, they adjust much more quickly," Karremans explained.
The project was initially launched by former minister Dirk Beljaarts (PVV), with Karremans now taking up the work to continue the work that was already begun.
"Dirk started this, and I give him all c.
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