A revitalized semiconductor industry will power Europe’s digital future

-The EU has targeted an increase in its share of the global semiconductor industry from 9% now up to 30% by 2030.

-But to hit this target, it needs to re-think its approach to the manufacturing of microchips and focus on its strengths.

-Evolving regulation in the EU and US is promising, and Europe’s healthy academic field mean it is well placed to power its digital advances with home-made microchips.

 
Europe is undoubtedly on the cusp of a transformation that will shape its future. Technology will power this transformation. Artificial intelligence, pervasive computing, ubiquitous computing and cloud-to-edge infrastructure will be critical in Europe reaching its digitization potential. At the core of these technologies is the semiconductor chip. This technology powers innovative ideas and technology, and it accelerates our understanding of the world around us.

Europe’s digital transformation is interwoven with the revitalization of the semiconductor industry, which was ravaged by global shutdowns, shipping disruptions and geopolitical tensions.

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Πηγή: weforum.org