European Commission Vice President Neelie Kroes says "Others are aggressively investing in computer chips and Europe cannot be left behind. We have to reinforce and connect our existing strongholds and develop new strengths. A rapid and strong coordination of public investment at EU, Member State and regional level is needed to ensure that transformation."
The European electronics sector underpins Europe's wider industrial competitiveness because it is a Key Enabling Technology for other sectors, from energy to automotive to health. A growing electronics sector is essential for growth and jobs in Europe.
Neelie Kroes said: "I want to double our chip production to around 20% of global production. I want Europe to produce more chips in Europe than the United States produces domestically. It's a realistic goal if we channel our investments properly."