The European Union (EU) has agreed on a Semiconductor Act to foster the semiconductor industry within the region through subsidies and investments totaling 43 billion euros (approximately 62 trillion won).
On the 18th (local time), Thierry Breton, EU Commissioner for Internal Market, announced at a press conference held at the European Parliament in Strasbourg, France, that the trilateral negotiations on the Semiconductor Act have been finalized.
The trilateral negotiations are the most important gateway where the EU Commission, the Council representing the 27 member states, and the European Parliament finalize the details when promoting new legislation. The Semiconductor Act will be implemented after separate votes by the European Parliament and the Council.
The Semiconductor Act was prepared to increase production capacity based on the EU's research and development and manufacturing equipment technologies, aiming to expand the EU's global semiconductor production market share from the current 9% to 20% by 2030. Through this legislation, the EU plans to actively respond to the moves of the United States and Asian countries, including China, which are increasing investments in the semiconductor industry.
Initially, the EU Commission had only supported advanced semiconductor factories, but during the detailed negotiations, it was agreed to expand support not only to advanced technologies but also to legacy process production sectors, research and development (R&D), and design sectors across the entire semiconductor supply chain, according to major foreign media.
© The Asia Business Daily(www.asiae.co.kr). All rights reserved.
