ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

EU aims to be independent chip power with 20% global share

Plan seeks to buffer bloc from US-China tensions that disrupt supply chains

A technician adjusts a laser at Trumpf, a German company that supplies CO2 laser technology to Dutch ASML, a leader in semiconductor lithography machines.   © Reuters

BRUSSELS -- The European Union put forward a plan Tuesday that called for the bloc to produce a fifth of advanced semiconductors worldwide in a vision that echoes the U.S. pursuit of a tech supply chain that is independent of China.

A cornerstone of the Digital Compass plan is the investment of about 140 billion euros ($166 billion) into the digital sector over the next two to three years. The financial resources will come from a coronavirus recovery fund, equivalent to roughly 20% of the package.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more