technology

EU Seeks €120 Billion to Boost Domestic Semiconductor Production

28 Mayıs 2026Bllomberg

The European Union is launching a renewed initiative to bolster its struggling semiconductor industry through an updated Chips Act. This ambitious plan aims to secure €120 billion ($140 billion) in public-private investments by 2035.
The initiative reflects the EU's commitment to enhancing its technological sovereignty and competitiveness in the global semiconductor market.
The semiconductor industry is critical for various sectors, including automotive, consumer electronics, and telecommunications. Recent global shortages have highlighted the vulnerabilities in supply chains, prompting governments worldwide to invest in local production capabilities.
The EU's decision to invest heavily in its semiconductor industry underscores a strategic pivot towards self-sufficiency in technology. As global supply chains remain vulnerable, this investment could position the EU as a key player in the semiconductor sector, potentially reducing reliance on external sources.

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This article is based on draft plans and may be subject to change as discussions and negotiations progress.