The EU must offer at least €20bn in subsidies if it wants to “move the needle” on computer chipmaking in the bloc, according to the head of one of France’s leading suppliers of semiconductor materials.
Paul Boudre, chief executive of Soitec, a €7bn supplier of the silicon wafers that are used to make chips, told the Financial Times that Europe was capable of building a significant sovereign supply of chips. “But is it going to play? That’s the answer we are waiting for,” he said.
In recent months, as chip shortages have squeezed industries from carmaking to consumer electronics, the EU has said it is interested in doubling domestic production to 20 per cent of the global market by 2030.
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