Margrethe Vestager, the vice-president of the European Commission in charge of competition in the European Union, admitted on Monday (29th) that it is “unfeasible” to achieve complete independence in chip manufacturing due to the large investment required.
After the COVID-19 pandemic, EU automakers and other companies have been struggling due to the impact of the supply chain and the inability to obtain much-needed technology. For this reason, European policymakers have been looking for ways to increase chip production. Some officials also believe that the European Union will become a global chip manufacturing center.
But Vestaci warned not to have any unrealistic expectations. In an exclusive interview with CNBC, Vestag said: "The EU simply cannot do to be fully self-sufficient in the amount of initial investment. So her focus is on making Europe have different levels of manufacturing capacity.
The European Commission, the executive body of the European Union, has stated that it hopes to double the market share of European semiconductors by 2030. At present, when the situation is good, the European market share is 10%. In the 1990s, the market share was as high as 40%.
Vestag pointed out that "to look at ourselves from a global perspective, to see who we want to establish a true interdependence with, and to pledge politically to help each other when there is a problem."
In addition, Vestag said that the European Union is working with the United States to determine the cause of the semiconductor production shortage. "We need to continue international cooperation," she said, "because even though our strategic goal is to produce 20% of the chips in Europe by 2030. However, there are many different chips in the most advanced products, and international coordination and cooperation are needed to make the supply chain good. Operation."
Vestag also said that the government needs to be able to provide support for the department, but this can only be done in a “proportionate” manner. “The method of support must be in accordance with the principle of proportionality, and only those who need it will be subsidized.” She emphasized.
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