EU wholesales 8.1 billion euros in public funds to support chip research and development

Recently, the European Union announced the approval of the new "Important Projects of Common European Interest" to support research, innovation and first industrial applications of microelectronics and communication technologies. The new "Important Project of Common European Interest" is called "IPCEI ME/CT", and its member countries include Austria, Czech Republic, Finland, France, Germany, Greece, Ireland, Italy, Malta, Netherlands, Poland, Romania, Slovakia and Spain. Member states will provide 8.1 billion euros in public funding and are expected to unlock an additional 13.7 billion euros in private investment going forward.

The research and development content of "IPCEI ME/CT" covers materials, tools, microelectronics and communication technologies in the chip design and manufacturing process. 56 companies will undertake 68 projects to develop technologies beyond the current market, involving sensors, high-performance processing Devices, microprocessors and other fields.

In order to promote the development of the EU semiconductor industry, in April this year, the EU approved "The EU Chips Act" involving 43 billion euros in subsidies, aiming to establish the EU semiconductor supply chain, avoid chip shortages in important industries such as automobiles, and cooperate with The United States, competing with its Asian counterparts, plans to produce 20% of the world's semiconductors by 2030.

"Europe is taking its destiny in its own hands." Lansheng Technology believes that by mastering the most advanced semiconductors, the EU will become an industrial powerhouse in the future market. According to Bloomberg, a number of semiconductor companies such as Intel, Infineon, STMicroelectronics, GlobalFoundries and Wolfspeed have announced new investment plans, and TSMC is also considering establishing a production base in Germany.

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