According to foreign media reports, Kurt Sievers, CEO of NXP, when attending the grid chip technology summit held in Dresden a few days ago, said that if the EU wants to gain 20% of the world chip market share by 2030, the budget required will be 10 times the current plan.
According to a chip industry development plan currently proposed by the EU, about 11 billion euros of public funds will be allocated for semiconductor research, design and manufacturing. The goal is to stimulate a total of 43 billion euros of investment by 2030, and increase Europe's share in the semiconductor market from 10% to 20%.
CEO of NXP Semiconductor said that the EU budget needs to be increased tenfold to achieve the development goal of the chip industry
Sievers said, "We have calculated that we need to invest 500 billion euros in Europe to achieve the target of 20% market share set in the EU Chip Act, and we need to increase our production capacity three to four times from 10% to 20% of the global market share."
Andrew Buss, director of European enterprise infrastructure research at IDC, a market research institute, also said that he agreed with the EU's current proposal of insufficient funding. In addition to increasing investment, the EU also needs to properly plan its technical route, develop its own advanced process technology, and get rid of dependence on Intel, TSMC and other manufacturers.
At present, the EU has not yet issued specific rules on its chip industry planning, nor has it explained how it will raise and allocate funds.