This is information that SEMI sent in response to the EU, published by Reuters. Currently, the EU is developing the Chip 2.0 Act to promote the development of the semiconductor industry in this continent.
The EU, with 27 countries, is consulting with industry stakeholders, including the European branch of SEMI based in Brussels ( Belgian), to make a long-term plan and spend long-term to develop the semiconductor industry for the period from 2028 to 2034.
The budget for chip development in the EU is expected to be announced in July.
According to SEMI's advice, the European Commission needs to allocate 22.64 billion Euros to the entire semiconductor supply chain, activating a total investment of more than 260 billion Euros from public and private organizations.
At the end of March, the European Court of Audit said that the EU's goal of reaching 20% of the world's chip market output by 2030 was not achievable at current rates.
According to the report of the bloc's leading auditing body, so far the European Commission has only contributed 4.5 billion Euros to the European chip Act worth 43 billion Euros, while about 80% of public funding comes from member countries.
The European chip Act is a huge public and private investment package, aiming to ensure the supply chain and promote the development of the industry.
SEMI said a separate EU budget would help balance the playground across the region, as each member country now invests in its national industry first.
"Semi-conductors are a fundamental component that supports almost every sector of the modern economy from automobiles, aerospace, industrial robots and medical equipment, but the EU continues to rely heavily on suppliers outside Europe, for advanced chips as well as important components of its supply chain," SEMI emphasized.
According to the European Court of Audit, the continent will account for 11.7% of the global semiconductor market share by 2030, just over half of the target.
