The EU has signalled its intention to invest in advanced semiconductor technologies to increase the proportion of the world’s semiconductors that is produced in the EU, which is currently about 10%. It’s no surprise that they are keen to encourage a healthy indigenous semiconductor industry to secure their position and address the concerns over transportation, supply chain, and the environment.Ĭurrently, the semiconductor industry is worth more than $500 billion globally. Leading economies are dependent on supplies of semiconductors to power the high-tech innovation that they are hoping will continue to keep them at the forefront of prosperity. In addition, there are ongoing concerns about the environmental effects of international shipping and the benefits of manufacturing locally. Recent events including the pandemic, shipping problems in the Suez Canal, and chip shortages experienced in sectors such as automotive have focused businesses’ attention on strengthening the security of supply chains.
Supply and support for back-end automation is essential to ensure a resilient semiconductor supply chain
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