EU Wants 20 Percent of Semiconductor Manufacturing by 2030

The European Union is considering plans that would put it on course to manufacture up to 20 percent of all leading-edge semiconductors in the world by 2030.

According to the draft proposal, one of the goals of this project is to reduce high-risk dependencies on technology companies in the United States and Asia. These goals make sense, given what’s been happening across the larger semiconductor industry these past few years.

Some of the rumors around the EU’s plans in this area have involved the formation of a new foundry company, while others suggest a partnership with TSMC or Samsung.

The semiconductor industry is characterized by high barriers to entry and long development cycles.