SEMI emphasizes that for Europe to effectively compete in the global semiconductor landscape, a revamped Chips Act is essential, advocating for an enhanced budget and streamlined decision-making processes.
The industry group warns that without a centralized European budget and faster decision-making for strategic projects, Europe's influence in chip manufacturing will diminish, echoing insights from Mario Draghi's report on competitiveness.
In light of increasing U.S. and Chinese export restrictions, SEMI urges a review of the EU’s export rules to strengthen its strategic interests and voice globally, particularly for AI training chips.
SEMI's recommendations align closely with those from ESIA, both calling for an updated Chips Act, indicating a unified concern within the industry regarding Europe’s competitiveness in the semiconductor arena.
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