A European Alliance led by the Netherlands to stimulate the chips industry
Brussels on March 24/ WAM/ Nine countries in the European Union led by the Netherlands decided to alliance together to accelerate the progress in the chips industry and unify its capabilities in order to simplify the financing and allocating public funds efficiently.
The Simicon Alliance focuses on expanding production capacity, securing more financing, and training the skilled workforce for the chips industry
The coalition aims to submit proposals for a possible second financing program from the European Union for semiconductors by summer. Spain, Germany, Italy, Belgium, Poland, France, Finland, Austria and the Netherlands participate in this cooperative effort.
Dutch Minister of Economic Affairs Derk Bilartis described the task of the coalition as a “homework duty for the new chips law”, which will succeed the chips law for 2023. Although the current law apparently prevented further decline in the European chips industry, critics say it has failed to achieve its main goals.
One of the most common criticisms of the 2023 chips law is the length of the process of financing member states and approving projects by the European Commission. Dutch Minister of Economic Affairs Bilartis notes that the coalition is working to simplify this process of the second proposed law. The aim is to effectively allocate public and private funds to stimulate the sector, and to ensure a positive “flowing impact” that benefits small and medium -sized companies.
The Simicon Alliance, as it is officially recognized, was established in Brussels and its main 3D goals: increasing production capacity, obtaining increased financing from the public and private sectors, and developing a skilled workforce for the chips industry.
Despite Europe’s superiority in research and development, especially its pioneering role in the manufacture of equipment, which is represented by a company
The Dutch Asml, but there are noticeable deficiencies in the field of chips and advanced production.
The Dutch Minister of Economy said that the coalition actively stimulates “the local demand from European countries and clarify the potential of the market in Europe for companies
This investment will be encouraged in this sector.
The European Chips Law for 2023 aims to double the share of the chips production market on the continent from 10 percent to 20 percent, but critics have argued that 43 billion euros is not enough to achieve this goal.
The European Commission has publicly expressed its “strong support” of the new alliance
Pro/WAM
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