The European semiconductor industry and its global competition

By 2030, according to an estimate, one-fifth of the chips needed worldwide could come from Europe. But that scenario is currently a long way off. Right now, Asia is the dominate player in the global semiconductor market, with a share of 70 percent. The USA follows in second place, while Europe trails with an 8% percent market share. This increasing reliance on outside businesses has startled EU policy makers. Because its not just semiconductors that are receiving attention and funds, but also blockchain technology and artificial intelligence.