Serhat TUNAR -TDO- Germany, France, Spain and ten other European Union countries have agreed to invest in Internet-connected devices, processors and semiconductor technologies to catch up with the United States and Asia, and to gain the European Union's digital dominance.
Europe's share of the 440 billion euro global semiconductor market is about 10 percent, and the European Union is currently largely dependent on processors produced outside the continent.
This addiction began to attract further attention during the Coronavirus outbreak. Security concerns with some foreign governments have also raised concerns about foreign chips and parts used in cars, medical equipment, mobile phones and networks.
For these reasons, the European Union agreed earlier this year to allocate 145 billion euros to investment in this area, equivalent to a fifth of the coronavirus Economic Recovery Fund for digital projects.