Germany wants to mobilize 500 billion for European semiconductor manufacturing

The EU must not allow Asia and the United States to completely take over the computer chip industry, but must now join forces. This is the opinion of Germany’s Minister of Finance Peter Altmaier, who wants to invest up to SEK 500 billion in European semiconductor manufacturing.

The news of a shortage of computer chips is pouring in, and as Ny Teknik wrote the other day, the world market for silicon-based chips is today dominated by three companies – one in the US and two in Asia, which puts Europe in a vulnerable situation.

Germany’s Finance Minister Peter Altmaier now wants to see change and calls for an EU-wide initiative to promote the European semiconductor industry. The investment will be made together with the industry and Peter Altmaier expects to be able to mobilize large investments.

He recently made the statement at the Europe 2021 digital conference, which Elektroniktidningen drew attention to German Handelsblatt wrote about.

According to Peter Altmaier, the investment is about a double-digit billion amount (in euros), “not in the lower, but in the middle segment”. He said that the amount could not be determined exactly until all the participating Member States had determined their shares and the participating companies had submitted their plans, but that it could in any case be EUR 20-50 billion.

Graphics: Jonas Askergren

Peter Altmaier is now working with his French colleague Bruno Le Maire and other representatives to implement an IPCEI project for the semiconductor industry. (IPCEI = Important Project of Common European Interest). In addition to manufacturing, such a project would also include the development of semiconductors. Unlike the European Processor Initiative, EPI, Peter Altmaier literally wants to build semiconductor factories in Europe, ie factories that compete with TSMC, Samsung and others.

– Europe and also the United States have lagged behind, and Germany has realized how vulnerable it is when Volkswagen is left in production because they lack electronic components. It is good that you realize that it takes a collection to get on track and it is important that you realize the magnitude of the investments that will be required over a long period of time, says Klas Moreau, CEO of ZeroPoint Technolgies, to Ny Teknik.


Source: Nyteknik – Senaste nytt by www.nyteknik.se.

*The article has been translated based on the content of Nyteknik – Senaste nytt by www.nyteknik.se. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!