Nine European countries have united under a new initiative named the “Semicon Coalition.” This coalition aims to strengthen the semiconductor industry across the continent. Launched in Brussels, it involves Belgium, Germany, Finland, France, Italy, the Netherlands, Austria, Poland, and Spain. The coalition focuses on research, development, and bolstering Europe’s chip production capabilities.
The main objectives outlined in their joint statement include ensuring the availability of essential semiconductor industry parts to EU countries. They also prioritize developing new, reliable technologies in Europe and expanding Europe’s market positions. Importantly, they plan to accelerate the commercialisation of research and innovation processes in this sector.
In the upcoming months, the coalition intends to work with the European Commission on a Declaration. This document, open to all EU countries, underscores the shared commitment to elevating Europe’s role in the global semiconductor industry. This initiative responds to the global surge in semiconductor industry investments, targeting self-sufficiency in this critical sector.
The move follows large investments by governments worldwide. The EU, for instance, has earmarked €43 billion under the EU Chips Act. Meanwhile, the US has seen the establishment of new foundries by Intel and TSMC, thanks to their CHIPS & Science Act. China, not to be left behind, continues investing heavily through its “Big Fund,” injecting $47 billion to enhance the domestic chip industry.
Dirk Beljaarts, the Dutch Minister of Economic Affairs, emphasized the urgency of the initiative. “The economic ministers of the countries involved all agree that European countries, industry and knowledge institutes need to work together more intensively. Not a little more, but much more.” He highlighted the need for increased production capacity, greater public and private financing, and adequately trained personnel to thrive in the sector.
