The EU is under-funded by its semi-conductor industry, considering Kurt Zivers, CEO of NXP Symiconducors, which will not achieve the region ' s ambitious goals of gaining a significant share in the world market for semiconductors.
" Zivers said at the Global Foundations Technical Summit in Dresden. " That is much more than the 43 billion euros announced in February when the financing law was announced.
Andrew Bass, Director of Research on European Enterprise Infrastructure at IDC, said that he agreed that the current level of proposed funding seemed to be somewhat low, but that in such endeavours it was important to "start from something." He said, referring to the US Government's Chips Act, which had already begun to show progress in an ambitious programme to modernize the American semiconductor industry. However, the establishment of a reliable world-class semiconductor industry required more than just injecting money, he added, calling for careful planning as well as priority development of its own production processes in Europe rather than relying on companies such as Intel and TSMC.
" " said Bass. "
The amount of investment made by various governments to stimulate chip production has already been questioned on several occasions.Gartner Vice President Richard Gordon noted that even investments under the chips law are likely to be insufficient.
"", he said.