Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach

16
3
Favorite

Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach

Bloomberg2021-05-05

(Bloomberg) -- Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top government official said ahead of unveiling more details around plans to ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment（3）

ACKW
·2021-05-05
everybody hopping back into semicon again
Reply
Like
Report
CafeLatte
·2021-05-05
Like and comment. Thanks
Reply
1
Report
Fold Replies
- 火星投资狼:
  [What]
  2021-05-05
  Reply
  Report
Novizio
·2021-05-05
Like n comment
Reply
Like
Report

Most Discussed

7x24

All

Terms and Conditions·Privacy Policy

Company: TTMF Limited. Tech supported by Xiangshang Yixin.

Email：uservice@ttm.financial

{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2133542910?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-05-05 15:52","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2133542910","market":"us","top_or_hot":-1,"title":"Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach","media":"Bloomberg","content":"<div>\n<p>(Bloomberg) -- Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top government official said ahead of unveiling more details around plans to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/europe-looks-secure-chip-supply-040000011.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Europe Looks to Secure Chip Supply After ‘Naive’ Past Approach</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nEurope Looks to Secure Chip Supply After ‘Naive’ Past Approach\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-05-05 15:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/europe-looks-secure-chip-supply-040000011.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top government official said ahead of unveiling more details around plans to ...</p>\n\n<a href=\"https://finance.yahoo.com/news/europe-looks-secure-chip-supply-040000011.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"F","symbol_name":"福特汽车","start_time":0,"source_url":"https://finance.yahoo.com/news/europe-looks-secure-chip-supply-040000011.html","article_id":"2133542910","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2133542910","pubTimestamp":1620201120,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"(Bloomberg) -- Europe was naive to outsource so much of its semiconductor design and manufacturing i","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"F":"福特汽车","03145":"华夏亚洲高息股","TSM":"台积电","09086":"华夏纳指-U","03086":"华夏纳指","NXPI":"恩智浦","INTC":"英特尔"},"translate_title":"欧洲在过去“幼稚”的做法后，有望确保芯片供应","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03086":0.9,"03145":0.9,"09086":0.9,"F":0.9,"INTC":0.9,"TSM":0.9,"NXPI":0.6},"content_text":"(Bloomberg) -- Europe was naive to outsource so much of its semiconductor design and manufacturing in recent decades, a top government official said ahead of unveiling more details around plans to double the region’s chip production by 2030.European Industry Commissioner Thierry Breton said it was possible to redress the imbalance, and the global chip shortage hobbling automakers and electronics suppliers was evidence that now is the time to act.“We want to come back to our former market share of production for the needs of our industry,” said Breton, the former chief executive officer of French IT giant Atos SE and France Telecom SA. Europe’s share of semiconductor manufacturing has dropped over the years because the region has been “too naive, too open,” he added in an interview.On Wednesday, the European Commission, the bloc’s executive body, will unveil more details about a strategy announced in March to double production to at least 20% of the world’s chips by 2030. It will involve creating an industry alliance of Europe’s leading semiconductor companies and research centers as well as more than a dozen EU governments, Breton said. At least 22 countries have already signed a letter of intent.The alliance of European players will have to decide how to boost the design and production of 20-nanometer to 10-nanometer chips, which are smaller and more powerful than most currently manufactured in Europe, Breton said, without offering a timeline. Advances in manufacturing are measured in nanometers, or billionths of a meter, with smaller and smaller transistors crammed onto silicon wafers with each new iteration.In parallel, the EU will work on plans to produce the next generation of leading edge chips by 2030. Officials are targeting production below 5-nanometers down to 2-nanometers, an ambitious goal not yet reached by industry leaders Taiwan Semiconductor Manufacturing Co. and South Korea’s Samsung Electronics Co.For years, Europe accounted for a major chunk of global semiconductor manufacturing. In 1990, capacity reached about 44% but it’s now closer to 10%. Taiwan, South Korea and Japan account for about 60% of production, according to Boston Consulting Group and the Semiconductor Industry Association. European chip designers including NXP Semiconductors NV and Infineon Technologies AG now outsource most production to TSMC and other foundry operators.Europe’s decline in consumer technology, such as the failure of Nokia Corp. and Ericsson AB’s once-popular mobile phones, is partly to blame for the supply chain shift, according to Jan-Peter Kleinhans, head of technology and geopolitics at think tank Stiftung Neue Verantwortung.While Europe’s auto industry is still strong, the sector has been one of the hardest hit by the global chip shortage. Ford Motor Co. said Monday it would halt production at its German plants for several weeks due to a lack of semiconductors, joining a growing list of manufacturers idling factories.The crisis has underscored the region’s dependence on foreign companies for critical supplies and is driving the EU’s ambition to regain self-sufficiency in the area. But the EU’s plan to go below 5-nanometer production is so ambitious that the bloc will need help from overseas foreign players like TSMC, which dedicated years of research and invested billions of dollars to develop their production expertise.“We know that to go there, it will be better to do this with partners,” Breton said of the ambitious 2-nanometer goal, referring to the strategy as “going to the moon.”Intel Corp., the world’s largest chipmaker, has backed the EU’s plans. It’s already expanding 7-nanometer production in Europe and is also considering building a state-of-the-art semiconductor foundry in the region. But the company has struggled to advance its manufacturing in recent years. Intel Chief Executive Officer Pat Gelsinger last week also suggested the company would likely need hefty financial support from European governments to invest in the bloc’s strategy.An Intel spokesman pointed to companies in Asia that get roughly 40% of the costs of building a new factory subsidized by the state. A new factory costs at least $10 billion and it would take two of them in one location to take advantage of economies of scale, the spokesman said.It remains unclear how much money Europe is willing to spend to reclaim its chipmaking prowess. Still, around 19 member states have already backed the commission’s plans and have agreed to establish an investment instrument co-financed by the countries and participating companies. At least 20% of the EU’s 672.5 billion-euro ($808 billion) recovery and resilience facility has also been allocated for digital priorities, though it’s up to individual countries to decide how much to spend specifically on the semiconductor strategy.“The EU has some semiconductor industry champions, but it faces fierce competition from other countries that view chip production as a national priority,” Gelsinger wrote in the Financial Times last week, adding that those governments are providing generous incentives to attract semiconductor manufacturing.“Europe must match this to stand a chance of competing,” he said.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":102625928,"gmtCreate":1620209500864,"gmtModify":1704340201592,"author":{"id":"3581924035780170","authorId":"3581924035780170","name":"ACKW","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581924035780170","authorIdStr":"3581924035780170"},"htmlText":"everybody hopping back into semicon again","listText":"everybody hopping back into semicon again","text":"everybody hopping back into semicon again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102625928","repostId":2133542910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":102693012,"gmtCreate":1620202724036,"gmtModify":1704340126931,"author":{"id":"3579757937519576","authorId":"3579757937519576","name":"CafeLatte","avatar":"https://static.tigerbbs.com/9d4c184be7f6d9509a593c26da0303eb","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3579757937519576","authorIdStr":"3579757937519576"},"htmlText":"Like and comment. Thanks&nbsp;","listText":"Like and comment. Thanks&nbsp;","text":"Like and comment. Thanks","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/102693012","repostId":2133542910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4229081,"gmtCreate":1620202779896,"gmtModify":1680787093932,"authorId":3564654698806900,"author":{"id":3564654698806900,"idStr":"3564654698806900","authorId":3564654698806900,"name":"火星投资狼","avatar":"https://community-static.tradeup.com/news/9ea1e9b286434ef8112b58764cdae570","vip":1,"currentWearingBadge":{"badgeId":"972123088c9646f7b6091ae0662215be-3","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Legendary Trader","description":"Total number of securities or futures transactions reached 300","bigImgUrl":"https://static.tigerbbs.com/656db16598a0b8f21429e10d6c1cb033","smallImgUrl":"https://static.tigerbbs.com/03f10910d4dd9234f9b5702a3342193a","grayImgUrl":"https://static.tigerbbs.com/0c767e35268feb729d50d3fa9a386c5a","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","exceedPercentage":"93.07%","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":7,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":102693012,"type":1,"supId":0,"prevId":0,"content":"[What]","text":"[What]","html":"[What]"}],"langContent":"EN"},{"id":102609715,"gmtCreate":1620201918837,"gmtModify":1704340114156,"author":{"id":"3583289595216248","authorId":"3583289595216248","name":"Novizio","avatar":"https://static.tigerbbs.com/1d72579b028a8591391ba91dcfe5f9b8","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3583289595216248","authorIdStr":"3583289595216248"},"htmlText":"Like n comment","listText":"Like n comment","text":"Like n comment","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/102609715","repostId":2133542910,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":16,"commentSize":3,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}