Released September 13, 2021 | GALWAY, IRELAND
en
Researched by Industrial Info Resources (Sugar Land, Texas)--When the European Union (EU) effectively conceded the semiconductor market to Asian producers, the EU benefitted from cheap and high-quality imports -- until the global semiconductor shortage struck.
Not a single company from the EU is among the world's top 10 semiconductor manufacturers. The EU will find it difficult to achieve its economic goals without improved access to semiconductors. Currently, Europe is responsible for less than 10% of global semiconductor production.
However, Brussels plans to take over 20% of the global market by 2030. As a result, plenty of investments are expected in this sector for the manufacturing of chips, semiconductors and electronic wafers.
Industrial Info is tracking 21 semiconductor projects, worth US$12.75 billion, in Europe. Germany and Ireland stand out, with potential investments of US$6.6 billion and US$5.7 billion, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
Click on the image at right for a heat map showing semiconductor project activity in Europe, from Industrial Info's Geolocator tool.
The European Commission is holding talks with industry representatives, national authorities and technology advisers to analyze the problems tied to the semiconductor shortage. One conclusion has been that the EU should seek to reduce its vulnerability in the global marketplace by strengthening local production capacity.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
Not a single company from the EU is among the world's top 10 semiconductor manufacturers. The EU will find it difficult to achieve its economic goals without improved access to semiconductors. Currently, Europe is responsible for less than 10% of global semiconductor production.
However, Brussels plans to take over 20% of the global market by 2030. As a result, plenty of investments are expected in this sector for the manufacturing of chips, semiconductors and electronic wafers.
Industrial Info is tracking 21 semiconductor projects, worth US$12.75 billion, in Europe. Germany and Ireland stand out, with potential investments of US$6.6 billion and US$5.7 billion, respectively. Subscribers to Industrial Info's Global Market Intelligence (GMI) Industrial Manufacturing Project Database can click here for a list of detailed project reports.
The European Commission is holding talks with industry representatives, national authorities and technology advisers to analyze the problems tied to the semiconductor shortage. One conclusion has been that the EU should seek to reduce its vulnerability in the global marketplace by strengthening local production capacity.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
