Fortifying Europe’s Semiconductor Ecosystem
The chip manufacturing process, though intricate, is divided into three stages: design, production, and final assembly, testing, and packaging. Over the years, companies have started to specialise in a single aspect of one of these steps, making the global chip supply chain a complex web of interdependencies and a high degree of geographic concentration. Despite significant contributions to niches within this supply chain, Europe has historically lagged behind leading regions like the US and Asia in semiconductor production. This enduring gap underscores the need for strategic initiatives like the European Chips Act to bolster Europe’s position in the global semiconductor industry.
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