{"id":43415,"date":"2023-07-26T07:43:32","date_gmt":"2023-07-26T07:43:32","guid":{"rendered":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/eu-approves-chips-act-aiming-to-double-semiconductor-market-share-by-2030\/"},"modified":"2023-07-26T07:43:32","modified_gmt":"2023-07-26T07:43:32","slug":"eu-approves-chips-act-aiming-to-double-semiconductor-market-share-by-2030","status":"publish","type":"post","link":"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/eu-approves-chips-act-aiming-to-double-semiconductor-market-share-by-2030\/","title":{"rendered":"EU approves Chips Act aiming to double semiconductor market share by 2030"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"review-body\">\n<p>The Council of the European Union approved a regulation to strengthen Europe\u2019s presence in the world of semiconductors, better known as \u201cChips Act\u201d. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain crisis.<\/p>\n<p class=\"image-row clearfix\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"Why does the EU need the Chips Act?\" width=\"205\" height=\"320\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/07\/EU-approves-Chips-Act-aiming-to-double-semiconductor-market-share.jpg\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"Why does the EU need the Chips Act?\" width=\"218\" height=\"320\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/07\/1690357412_513_EU-approves-Chips-Act-aiming-to-double-semiconductor-market-share.jpg\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"Why does the EU need the Chips Act?\" width=\"199\" height=\"320\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/07\/1690357412_911_EU-approves-Chips-Act-aiming-to-double-semiconductor-market-share.jpg\"><br \/>\n<br \/><span><strong>Why does the EU need the Chips Act?<\/strong><\/span><\/p><div id=\"forum-1353671967\" class=\"forum-content-2 forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<p>Once the program kicks in, it will see \u20ac43 total investments, \u20ac3.3B of which will be donated directly from the EU budget, and the aim is the global market share to double from the current 10% to at least 20% by 2030.<\/p>\n<p>The EU posted a neat infographic that explained the need for chips &#8211; from everyday appliances through critical applications in cars, planes, and healthcare to key infrastructure like energy, mobility, and data communication. The global production of microchips reached 1.1 trillion units in 2021, which is around 140 chips per person.<\/p><div id=\"forum-1770708\" class=\"forum-content forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<p class=\"image-row clearfix\">\n<img loading=\"lazy\" decoding=\"async\" alt=\"Why does the EU need the Chips Act?\" width=\"327\" height=\"454\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/07\/1690357412_965_EU-approves-Chips-Act-aiming-to-double-semiconductor-market-share.jpg\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" alt=\"Why does the EU need the Chips Act?\" width=\"300\" height=\"454\" src=\"https:\/\/forum.sbenny.com\/blog\/wp-content\/uploads\/2023\/07\/1690357412_778_EU-approves-Chips-Act-aiming-to-double-semiconductor-market-share.jpg\"><br \/>\n<br \/><span><strong>Why does the EU need the Chips Act?<\/strong><\/span><\/p>\n<p> Europe produced 10% of that in 2020, of which 27% were for the automotive industry, 22% for aerospace\/defence\/security and 20% for other industries. Smartphones were not even in the Top 5. The market is expected to reach $1 trillion by 2030, and the forecast is for all key application sectors rapidly increase. For example, the global smartphone chip market was $116 billion in 2020 and is expected to reach $210 billion in 2030.<\/p><div id=\"forum-1554059172\" class=\"forum-content-3 forum-entity-placement\">\t\t<div class=\"ad-wrapper\" style=\"width:100%;min-height:250px;text-align:center\">\r\n\t\t\t<!-- In Article Blog -->\r\n\t\t\t<ins class=\"adsbygoogle\"\r\n\t\t\t\t style=\"display:block; text-align:center;\"\r\n\t\t\t\t data-ad-layout=\"in-article\"\r\n\t\t\t\t data-ad-format=\"fluid\"\r\n\t\t\t\t data-ad-client=\"ca-pub-3476569516614521\"\r\n\t\t\t\t data-ad-slot=\"9829044906\"><\/ins>\r\n\t\t\t<script>\r\n\t\t\t\t (adsbygoogle = window.adsbygoogle || []).push({});\r\n\t\t\t<\/script>\r\n\t\t<\/div><\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>The Council of the European Union approved a regulation to strengthen Europe\u2019s presence in the world of semiconductors, better known as \u201cChips Act\u201d. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain crisis. Why [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":43416,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[137],"tags":[212],"class_list":["post-43415","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smartphone-news","tag-other","entry","has-media"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU approves Chips Act aiming to double semiconductor market share by 2030 - Sbenny\u2019s Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/forum.sbenny.com\/blog\/technology\/smartphones\/smartphone-news\/eu-approves-chips-act-aiming-to-double-semiconductor-market-share-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU approves Chips Act aiming to double semiconductor market share by 2030 - Sbenny\u2019s Blog\" \/>\n<meta property=\"og:description\" content=\"The Council of the European Union approved a regulation to strengthen Europe\u2019s presence in the world of semiconductors, better known as \u201cChips Act\u201d. The legislation aims to create better conditions for European countries to get into semiconductor manufacturing, attract investments, promote research and innovation and prepare the continent for any future supply chain crisis. 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