#Brussels #Belgium #SEMI #European Chips Act #semiconductor policies

SEMI's Recommendations for the Future of the European Semiconductor Sector

On December 2, 2024, SEMI, the leading industry association dedicated to the global electronics and manufacturing supply chain, released a paper outlining vital recommendations aimed at enhancing the semiconductor ecosystem in the European Union (EU) for the legislative term from 2024 to 2029. The organization emphasizes the urgent need for robust legislation to thrust the semiconductor industry forward, a sector recognized as pivotal for technological breakthroughs and economic growth.

The Importance of Semiconductors

Semiconductors are integral to modern technology, playing a critical role in sectors ranging from telecommunications to automotive, and increasingly in emerging fields like artificial intelligence (AI) and autonomous vehicles. Laith Altimime, President of SEMI Europe, pointed out the pressing challenges posed by rapid technological disruptions that necessitate a well-thought-out strategy to ensure the sustainability and competitiveness of the European semiconductor landscape.

Key Recommendations from SEMI

The recommendations provided in the SEMI Europe Recommendations for the 2024-2029 Legislative Term highlight several key areas for policymakers to focus on:

1. Ecosystem Strengthening: It calls for enhanced coordination between EU institutions, member states, and the private sector to secure funding and facilitate comprehensive development in line with the goal of capturing a 20% share of the global semiconductor market by 2030. Further, it advocates for the advancement of a 'Chips Act 2.0', which aims to build upon the momentum generated by the European Chips Act.

2. Economic Security: The association urges aligning protective measures with proactive strategies to fortify global competitiveness. Recommended actions include streamlining export controls, reinforcing intellectual property protection, and reducing bureaucratic burdens that hinder progress.

3. Sustainable Development: There’s a push to integrate semiconductor advancements within the framework of the EU's Green Deal, ensuring a balance that fosters both innovation and environmental sustainability. The recommendations stress the need for responsible use of essential chemicals utilized in semiconductor production, alongside research for viable alternatives.

4. Addressing the Talent Gap: By fostering collaboration between the semiconductor industry and educational institutions, SEMI emphasizes the importance of skilled workforce development. Modifications to immigration policies are deemed necessary to attract global talent essential for the industry’s growth.

5. Financial Strategies: Recommendations also highlight the alignment of funding mechanisms with industry needs, particularly through the next Multi-Annual Financial Framework. There's an urgent call to accelerate initiatives like the Chips for Europe Initiative to ensure sustained investment in semiconductor technology.

Conclusion: A Call for Action

The recommendations from SEMI Europe serve as a comprehensive roadmap for policymakers as they embark on the critical task of establishing legislation that not only promotes semiconductor growth but also ensures Europe's competitive position on the global stage. Altimime affirmed SEMI Europe's commitment to working collaboratively across sectors to advocate for the proposed 'Chips Act 2.0', ensuring that Europe can adapt to future technological demands and secure its standing within the international semiconductor arena.

For those interested in getting involved or learning more about SEMI's efforts in this vital area, more information is available on their official website. By actively participating in discussions on shaping semiconductor policies, stakeholders can contribute to a brighter, technologically advanced future for Europe.

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Contact SEMI for more updates and input on the semiconductor industry's challenges and innovations. Join their advocacy efforts to support sustainable, strategic advancements in the semiconductor ecosystem.