Semiconductors and Software: What EU’s Chip Plans Mean for Business

At Introduct, where we provide tailored software solutions, we keep a close eye on what’s going on in the world of technology and hardware foundations. One key concern today is the European Union’s lagging position in the global semiconductor market. Consequently, we’ve decided to cover the topic of semiconductors in this article.

Background of Semiconductor Situation

Not long ago, the EU’s goal was to produce 20% of the world’s semiconductors by 2030. But, despite this goal, the prediction is only 11.7%. How’s that? The main problem is funding. So far, just €4.5 billion has come from EU-level commitments, while the bulk of the planned €43 billion is being covered by member states individually. This fragmented approach weakens Europe’s ability to compete in a sector where consistency, scale, and speed are crucial.

Industry group SEMI is urging the EU to quadruple its investment and introduce a dedicated semiconductor budget. Their proposal: €20 billion in targeted funding to unlock over €260 billion in public and private investments across the full chip supply chain.

Why This Matters to Developers and Startups

Access to chips for developers and early-stage startups plays an important role. They affect their everyday work when developing AI-powered apps or working on robotics. Delays, shortages, or reliance on foreign suppliers can impact the development in a bad way. The impact may vary from slow development, raised costs, to limited innovation. The problem with chips is that they are provided by other countries. So, Europe depends on foreign components and chips, creating problems for software teams.

If the EU adopts SEMI’s recommendation, it may impact the development of chips within the union. Chip production within the union may help strengthen local infrastructure, reduce dependency, and give developers better tools and support systems. Such a step means that more reliable platforms and fewer surprises are expected when growing production.

Our Vision

At Introduct, we believe software development grows when supported by a strong ecosystem. Our software solutions are about helping companies and businesses develop and grow. That’s why we offer custom software and customer support 24/7 to support your business. We also keep an eye on recent software development to keep you updated.

The world is changing, and so does Introduct. We’re here to help your business be at the forefront of technologies and make your business successful. Contact us to get professional help and the latest software solutions.