Europe’s appetite for leading-edge chips will soar this decade, according to Intel Germany general manager Christin Eisenschmid. Citing research from management consultancy Kearney, she states that Europe’s chip consumption amounted to 44 billion euros last year, of which 19 percent was spent on leading-edge semiconductors. By 2030, Europe’s chip market will be worth 80 billion euros and the leading-edge share will grow to 43 percent.
Eisenschmid argues that it’s in Europe’s best interests to manufacture these chips locally. “Europe needs to act with urgency now to restore Europe as a global semiconductor powerhouse and to realize the EU’s goal to become a global leader in digital technology by 2030. Intel is among the players ready to make the necessary investments, and Kearney’s report provides further evidence that Europe’s future will have leading-edge chips at its heart, chips that must be made in Europe,” she concludes.