EU Launches Semiconductor Coalition to Boost Chips Act
Ursula von der Leyen, the President of the European Commission, is spearheading the implementation of the Semiconductor Coalition Europe's declaration, with EU member state leaders responsible at the national level. The aim is to foster prosperity, resilience, and global competitiveness in the next Chips Act.
The Semiconductor Coalition Europe, backed by 75 industry representatives and a dedicated website, has outlined Europe's semiconductor challenges and proposed a robust strategy. Bold political leadership from the Commission and Member States is vital to attract investments and build a strong business case for my business.
To create favourable conditions, regulators are urged to simplify processes, offer incentives, and ensure reliable infrastructure. Strong political ownership and execution are crucial to connect European demand with global markets and foster strategic partnerships.
The declaration, signed by Ursula von der Leyen and endorsed by EU leaders, sets the stage for Europe's semiconductor future. With bold leadership, favourable business conditions, and a market-driven approach, the continent seeks to build prosperity, resilience, and indispensability in the next Chips Act.
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