Brussels Excludes Semiconductors from New Industrial Acceleration Law Despite EU Chip Production Goals
Brussels presented a new Industrial Acceleration Law but excluded semiconductors from its strategic sectors. The EU aims to manufacture 20% of global chips by 2030 but currently produces only 7.4%. The exclusion is attributed to a division of responsibilities within the Commission, with plans for a separate Chips 2.0 law. Industry experts and associations are calling for faster assistance and protections for European technologies. Spain is urged to invest at least 825 million euros for strategic projects in advanced technologies.
Theia Market Signal Identification - AI Assisted
The new Industrial Acceleration Law presented by Brussels excludes semiconductors from its list of strategic sectors, which includes technologies like zero-emission and electric propulsion but omits digital and semiconductor technologies. Europe aims to manufacture 20% of global chips by 2030, yet currently produces only 7.4%.
The exclusion is linked to the division of responsibilities within the Commission, as a separate Chips 2.0 law is in development. Industry stakeholders demand more efficient support mechanisms. In Spain, the semiconductor industry calls for a minimum investment of 825 million euros for key projects to enhance strategic autonomy.
Comments