According to Reuters, the European Union plans to establish a semiconductor alliance to reduce its dependence on foreign chip manufacturers in the context of global supply chain tightening.

European industry chief Thierry Breton said that the plan aims to supplement or replace possible foreign factories, that is, by 2030, increase Europe's market share in global chip and semiconductor production from 10% to 20%.

Thierry Breton will hold a video conference today with Intel CEO Pat Gelsinger (Pat Gelsinger) and TSMC European subsidiary general manager Maria Marced to further discuss the possibility of establishing a manufacturing base in the EU. Thierry Breton will also meet with Samsung representatives.

The report pointed out that EU countries such as Germany, France, and the Netherlands plan to spend about 145 billion euros in the next 2-3 years to improve EU countries’ dominance in the semiconductor industry.