Will the processors of the future be produced in Europe?

Will the processors of the future be produced in Europe?

For weeks now we have been talking exclusively about the semiconductor crisis, which has involved all sectors in this case, given the ever-increasing incidence and presence of chips within objects that are now increasingly disparate. Last January, the President of the United States Joe Biden announced in the country's economic recovery plan large investments in foundries, to adapt supply to the current enormous demand.

On the same wave line it also seems to be the European Union which has among its intentions to create an alliance between the various small semiconductor manufacturing companies, with the aim of significantly reducing the dependence of factories on factories outside the old continent. Europe is home to semiconductor companies such as Infineon, NXP and STMicroelectronics, as well as lithography equipment giant ASML. GlobalFoundries, a company based in the United States that manages Europe's largest factory in Dresden, Germany, could also join the alliance.

All this would become part of the objectives set by the Union Europe, which aim to obtain 20% of world semiconductor production by 2030, compared to 10% today, a sign of the desire to keep up with other giants such as Taiwan, South Korea and the United States. The intentions are to make the possibility of producing semiconductors locally thanks to local foundries attractive to large global producers of technological products, as already done for example in Ireland by Intel, which may want to build another factory in Europe, given the importance of the old continent market.

Consolidation of smelters and chip manufacturing companies would also be very profitable for the EU, which would benefit substantially. Even if the industrial plans to be adopted require large investments (up to 150 billion dollars) in the long term, these would be amply repaid given the current market trend. Specifically, no official decisions have yet been taken, but it is only preliminary information that anticipates the contents of the topics that will be unveiled on 5 May, when Thierry Breton, Commissioner for the internal market, and Margrethe Vestager EVP of the European Commission for digital transition, will present the business plan “bloc's updated semiconductor industry strategy”.

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