Europe Wants to Produce 20% of the World’s Semiconductor Chips

In the wake of the global chip supply shortage, Europe plans to grow its presence in the semiconductor industry. The European Union is planning to produce 20% of the world’s semiconductor units by the end of this decade and also wants to build its first quantum computer in the next 5 years.

According to a recent report from Reuters, this development in Europe comes as an effort to reduce its reliance on non-European technologies. This plan is called the 2030 Digital Compass and it arrives after the COVID-19 pandemic revealed the region’s reliance on key technologies owned by American and Chinese companies.

In the Digital Compass plan, the EU also highlighted the importance of semiconductors and how they are used across industries in a wide range of products. These chips are used in EVs, smartphones, IoT devices, high-performance computers, and also in artificial intelligence fields.

As mentioned earlier, this plan also aims to address one of the world’s worst global chip supply shortages. This shortage has brought almost the entire industry that uses chips to a halt with almost no sales or production.

The EU also wants to invest in quantum technologies, saying that it could be a “game-changer” when it comes to developing new medicine and genome sequencing. The document also said:

It is our proposed level of ambition that by 2025, Europe will have the first computer with quantum acceleration paving the way for Europe to be at the cutting edge of quantum capabilities by 2030.

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