The Netherlands, alongside eight other European Union countries, has initiated a collaboration to bolster the continent’s semiconductor industry. The coalition, termed the “Semicon Coalition,” includes Belgium, Germany, Finland, France, Italy, Austria, Poland, and Spain. This announcement was made during a meeting in Brussels, marking a significant step toward enhancing Europe’s role in chip production.
Semiconductors, commonly known as chips, are increasingly indispensable in modern technology, powering devices ranging from household appliances and computers to drones and advanced military equipment. The coalition aims to boost production capabilities, secure greater funding through both EU channels and private investments, and invest in workforce training tailored to the chip sector.
Dutch technology leader ASML plays a pivotal role in this initiative, having experienced record-breaking revenues and a surge in orders. However, export restrictions on specific ASML chip-making machines to China have been implemented to safeguard Europe’s competitive edge in chip technology.
This collective effort aligns with broader European ambitions to reduce reliance on external markets, especially amid strained relations with the United States and China. By prioritizing semiconductor innovation and production, Europe seeks to fortify its technological independence and address growing demands, particularly in the defense sector.