Europe has a certain tradition in the world of semiconductors, so-called microchips, industrial elements that have become extremely important in today’s world, but recently it has begun to look to increase its footprint in this Asian-dominated field. One of the most important stakes is overcoming dependence on China and other Asian countries, from where European countries massively import these products of strategic importance.
The EU currently accounts for around 8%-9% of the global semiconductor market, but aims to reach 20%-30% of the market by 2030. In addition, last year the Union launched a competition for partial financing of semiconductor production. , extremely important for electronic, automotive and other industries.
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Source: Hot News
Lori Barajas is an accomplished journalist, known for her insightful and thought-provoking writing on economy. She currently works as a writer at 247 news reel. With a passion for understanding the economy, Lori’s writing delves deep into the financial issues that matter most, providing readers with a unique perspective on current events.