Reduce dependence on the US and Asia… EU 60 trillion won agreement on fostering semiconductors

Reduce dependence on the US and Asia… EU 60 trillion won agreement on fostering semiconductors


Member countries of the European Union have agreed on a plan to nurture semiconductors worth 60 trillion won.

It is evaluated that it has overcome the biggest obstacle in nine months since the announcement of the plan earlier this year.

This is Reporter Seong Seung-hwan.


The European Union and the 27 member states of the EU have agreed on a plan to develop the large-scale semiconductor industry.

With a scale of 430 trillion euros and about 60 trillion won in Korea, it aims to reduce dependence on the US and Asia.

After being signed by EU finance ministers on the 1st of next month, it is scheduled to be legislated through the European Parliament early next year.

Compared to the original proposal proposed by the EU Commission, the agreement is characterized by broadening the targets of government subsidies, not just innovative production facilities to be built for the first time in the region.

Semiconductor production facilities used to bring innovations such as computing power, energy efficiency and artificial intelligence are also eligible for support.

“Europe needs advanced production facilities and, of course, huge upfront investment. Therefore, we are adjusting the principle of state support under strict conditions, of course.”

The goal is to increase the global semiconductor production to 20% by 2030 by paying subsidies.

The EU member state’s share of semiconductor production has fallen from 24% in 2000 to 8%.

Earlier this year, the EU Commission announced a plan to support semiconductors under the recognition that semiconductors are technological sovereignty amid global chip shortages and supply chain bottlenecks.

This is Yonhap News TV Seong Seung-hwan.

#Semiconductor #EU #European Union

Yonhap News TV article inquiries and reports: Kakao Talk/Line jebo23


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