The European Chips Act has spurred manufacturing investment but neglected other supply chain areas, with projects delayed by central EC approval requirements. Industry leaders, including Infineon, Bosch, and ASML, participated in the discussions, highlighting the need for a revised strategy with faster administrative processes, resilient trade policies, and a focus on innovation. Meanwhile, the UK has shifted its semiconductor strategy towards design and R&D, drawing mixed reactions. Britain's Technology Secretary, Peter Kyle, is advocating for closer UK-US tech partnerships, despite EU efforts to reduce reliance on foreign digital services.
Key takeaways:
- European chipmakers are urging politicians to expand support beyond the Chips Act to include research, development, materials, and design.
- The European semiconductor industry is calling for a holistic approach to support the entire supply chain, not just manufacturing.
- There is a push for a revised European Chips Act with faster administrative procedures and a focus on innovation and resilience.
- The UK's focus on chip design and R&D is seen as a strategic move, but the government faces criticism for slow progress on its semiconductor strategy.