Latest news with #ChipsAct2.0
Euronews
12-05-2025
- Business
- Euronews
EU member states ask Commission to lower microchip strategy targets
The European Commission's microchip strategy targeting 20% global market share by 2030 is unfeasible, a group of member states said according to minutes of meetings of national industry policy representatives seen by Euronews. Ten countries – Belgium, Croatia, Czechia, France, Germany, Ireland, Italy, Malta, Netherlands, and Spain – said this target should be revised in the upcoming Chips Act 2.0. The representatives discussed a European Court of Auditors (ECA) report from the end of April which said that the bloc is unlikely to meet the EU Chips Act 20% target because investments driven by the Act are 'unlikely to significantly enhance' the EU's position in the field. The ECA recommended the Commission assess whether the 2023 Chips Act's ambitions and targets remain realistic in view of the resources available to achieve them, global competition, as well as factors such as energy cost and dependence on raw materials. Chips, or semiconductors, are needed for a range of industries, from connected cars to consumer appliances. According to the minutes, the Commission said that the 20% market share target was 'essential to mobilise large amounts of money to counter the decreasing percentage of EU market share'. In addition, the distribution of knowledge and skills in the sector has improved as a result of competence centres rolled out under the Chips Act, the EU executive said. As of 2022, the EU accounts for less than 10% of the production of chips globally, behind Taiwan and the US. The Commission hopes to increase the figure to 20% with a 43-billion-euro investment. Several countries, including Belgium, Germany, Finland, and Italy, call for a focus on the next generation microchips, according to the document. Denmark said that the lack of financing remains a problem. Both Germany and Ireland will in the next few weeks present national semiconductor strategies. EU Tech Commissioner Henna Virkkunen's mission letter drafted by Commissioner President Ursula von der Leyen, says that follow-up action on Chips is needed to further support 'innovation potential, strategic industry segments, mainstream chips and equipment manufacturing.' France's digital affairs and artificial intelligence (AI) minister is on a mission to unify Europe to force social media companies to put on age verification markers, adding that there should be no social networks for those under the age of 15. Clara Chappaz told French media on Sunday that the country has three months to 'mobilise its European partners' for an agreement that obliges social media platforms to verify the age of their users, and failing to do so would result in sanctions. 'My job today is to rally a coalition, with Spain, Greece, and now Ireland, to convince the European Commission,' the 35-year-old minister said. 'If we don't succeed by the autumn, France will take responsibility. In the absence of a European agreement, France will have to take action,' she added. France has taken a hard stance against social media use and screen time for children. Last year, French President Emmanuel Macron said he was in favour of banning phones before the age of 11 and no social media for those under 15. Chappaz agreed with him and in an interview with the French publication La Tribune said: 'No social networking before the age of 15'. Despite Europe's Digital Services Act (DSA) having an age framework, Chappaz said that the bloc needs 'to go further to strengthen its scope, so that it forces social networks not to accept the creation of accounts without age verification'. However, getting age verification right is difficult as many children can lie and get around such restrictions, experts have previously told Euronews Next. Social media platforms such as Meta and TikTok have already put age verification measures in place. But some have said that it is difficult to verify user age. Chappaz, however, argues that this is an 'excuse' which is 'false'. 'The platforms, which are among the most technologically advanced companies, know everything about our children: their tastes, their sleep patterns, the videos they watch when they're not well,' she told La Tribune. 'They are capable of pushing targeted content to an 11-year-old, but they wouldn't know whether he was 13 or 15'. 'Fast, reliable, anonymous technologies that do not store personal data for recognition already exist,' she added. In the interview on Sunday, she spoke about her 10-day without screens campaign, which began on Monday. 'The idea is not to stigmatise. It's about taking a step back to better understand the impact of digital technology on our lives and to regain control,' she said. 'I want every family and every class to be able to ask themselves the same question: what role do we want to leave to screens, and, in particular, social networks, in the development of our children? 'I refuse to allow algorithms to raise our children, to dictate what they should see and feel, and who they should look like,' she added. The minister has also championed the end of #SkinnyTok weight-loss content, where those on social media promote extreme thinness with messages such as 'if you're in a calorie deficit and your stomach rumbles, congratulate yourself'. She referred the matter of such videos to the French digital watchdog Arcom and requested an investigation by the European Commission, Chappaz said on LinkedIn. 'Digital technology is a wonderful tool, but it can also shatter lives. Protecting minors online is my priority. I won't give up,' she wrote.
Time of India
07-05-2025
- Business
- Time of India
EU should quadruple semiconductor spending, industry group says, ET Manufacturing
Advt Advt Advt Advt AMSTERDAM: The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday in its official response to EU consultations for its upcoming investment lawmakers and industry groups are gathering momentum for a " Chips Act 2.0 ", pushing to quickly fill the gaps in the continent's semiconductor 27-country bloc is consulting industry stakeholders, including the Brussels-based European arm of SEMI, as it plans its long-term spending for the period between 2028 and 2034, with a budget announcement scheduled for European Commission will need to allocate 20 billion euros ($22.64 billion) across the entire semiconductor supply chain, triggering total investments of more than 260 billion euros from public and private entities, SEMI said in the letter seen by late March, the European Court of Auditors said that the EU's objective to reach 20% of the world's chip market output by 2030 was unreachable at the current European Commission has so far only contributed 4.5 billion euros into the 43 billion euro European Chips Act, while about 80% of the public funding came from the member states, the bloc's top audit institution said in the said a separate EU budget would help level the playing field across the region, as each member state presently invest in their own national industry first."Semiconductors are the foundational component underpinning virtually every sector of the modern economy - Automotive, aerospace, industrial robotics and medical devices - and yet the EU continues to rely extensively non-European suppliers for the vast majority of its advanced chips and critical supply chain components," it and AI chips, along with quantum technologies, were some of the gaps the industry group identified in its is projected to reach 11.7% of the global semiconductor market share by 2030, just over half of its ambitious goal, according to the Court of Auditors.
The Star
06-05-2025
- Business
- The Star
EU should quadruple semiconductor spending, industry group says
FILE PHOTO: Semiconductor chips are seen on a circuit board of a computer in this illustration picture taken February 25, 2022. REUTERS/Florence Lo/Illustration/File Photo AMSTERDAM (Reuters) -The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday in its official response to EU consultations for its upcoming investment budget. European lawmakers and industry groups are gathering momentum for a "Chips Act 2.0", pushing to quickly fill the gaps in the continent's semiconductor strategy. The 27-country bloc is consulting industry stakeholders, including the Brussels-based European arm of SEMI, as it plans its long-term spending for the period between 2028 and 2034, with a budget announcement scheduled for July. The European Commission will need to allocate 20 billion euros ($22.64 billion) across the entire semiconductor supply chain, triggering total investments of more than 260 billion euros from public and private entities, SEMI said in the letter seen by Reuters. In late March, the European Court of Auditors said that the EU's objective to reach 20% of the world's chip market output by 2030 was unreachable at the current pace. The European Commission has so far only contributed 4.5 billion euros into the 43 billion euro European Chips Act, while about 80% of the public funding came from the member states, the bloc's top audit institution said in the report. SEMI said a separate EU budget would help level the playing field across the region, as each member state presently invest in their own national industry first. "Semiconductors are the foundational component underpinning virtually every sector of the modern economy – Automotive, aerospace, industrial robotics and medical devices – and yet the EU continues to rely extensively non-European suppliers for the vast majority of its advanced chips and critical supply chain components," it said. Cutting-edge and AI chips, along with quantum technologies, were some of the gaps the industry group identified in its response. Europe is projected to reach 11.7% of the global semiconductor market share by 2030, just over half of its ambitious goal, according to the Court of Auditors. ($1 = 0.8835 euros) (Reporting by Nathan Vifflin in Amsterdam, editing by Milla Nissi-Prussak)
Reuters
06-05-2025
- Business
- Reuters
EU should quadruple semiconductor spending, industry group says
AMSTERDAM, May 6 (Reuters) - The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday in its official response to EU consultations for its upcoming investment budget. European lawmakers and industry groups are gathering momentum for a "Chips Act 2.0", pushing to quickly fill the gaps in the continent's semiconductor strategy. The 27-country bloc is consulting industry stakeholders, including the Brussels-based European arm of SEMI, as it plans its long-term spending for the period between 2028 and 2034, with a budget announcement scheduled for July. The European Commission will need to allocate 20 billion euros ($22.64 billion) across the entire semiconductor supply chain, triggering total investments of more than 260 billion euros from public and private entities, SEMI said in the letter seen by Reuters. In late March, the European Court of Auditors said that the EU's objective to reach 20% of the world's chip market output by 2030 was unreachable at the current pace. The European Commission has so far only contributed 4.5 billion euros into the 43 billion euro European Chips Act, while about 80% of the public funding came from the member states, the bloc's top audit institution said in the report. SEMI said a separate EU budget would help level the playing field across the region, as each member state presently invest in their own national industry first. "Semiconductors are the foundational component underpinning virtually every sector of the modern economy – Automotive, aerospace, industrial robotics and medical devices – and yet the EU continues to rely extensively non-European suppliers for the vast majority of its advanced chips and critical supply chain components," it said. Cutting-edge and AI chips, along with quantum technologies, were some of the gaps the industry group identified in its response. Europe is projected to reach 11.7% of the global semiconductor market share by 2030, just over half of its ambitious goal, according to the Court of Auditors. ($1 = 0.8835 euros)
CNA
06-05-2025
- Business
- CNA
EU should quadruple semiconductor spending, industry group says
AMSTERDAM :The European Union should quadruple its spending on chips and allocate a separate budget for it, industry group SEMI said on Tuesday in its official response to EU consultations for its upcoming investment budget. European lawmakers and industry groups are gathering momentum for a "Chips Act 2.0", pushing to quickly fill the gaps in the continent's semiconductor strategy. The 27-country bloc is consulting industry stakeholders, including the Brussels-based European arm of SEMI, as it plans its long-term spending for the period between 2028 and 2034, with a budget announcement scheduled for July. The European Commission will need to allocate 20 billion euros ($22.64 billion) across the entire semiconductor supply chain, triggering total investments of more than 260 billion euros from public and private entities, SEMI said in the letter seen by Reuters. In late March, the European Court of Auditors said that the EU's objective to reach 20 per cent of the world's chip market output by 2030 was unreachable at the current pace. The European Commission has so far only contributed 4.5 billion euros into the 43 billion euro European Chips Act, while about 80 per cent of the public funding came from the member states, the bloc's top audit institution said in the report. SEMI said a separate EU budget would help level the playing field across the region, as each member state presently invest in their own national industry first. "Semiconductors are the foundational component underpinning virtually every sector of the modern economy – Automotive, aerospace, industrial robotics and medical devices – and yet the EU continues to rely extensively non-European suppliers for the vast majority of its advanced chips and critical supply chain components," it said. Cutting-edge and AI chips, along with quantum technologies, were some of the gaps the industry group identified in its response. Europe is projected to reach 11.7 per cent of the global semiconductor market share by 2030, just over half of its ambitious goal, according to the Court of Auditors. ($1 = 0.8835 euros)
