On 23 May 2013, the Commission announced the Electronics Strategy for Europe (IP/13/455). The strategy aims, by 2020, to facilitate industry investment of €100 billion; double the value of EU micro-chip production to reach 20% of worldwide production; and create 250, 000 jobs in Europe.
The ELG report dated June 26th reports that the investment needed to achieve the doubling of semiconductor production value is €35 billion.
Between 2015 and 2018, the ELG says that €18.8 billion needs to be spent on capex and €12.5 billion on R&D.
“On the supply side, the group (ELG) sees a clear opportunity for further private investments in chip production in Europe as demonstrated by the large industrial investments in pilot lines in 2012-13,” says the EC, commenting on the ELG report, “the move from pilot lines into mass production of innovative components and systems will be pursued in the next seven years. The ELG estimates that €20 billion investment will be needed for this. This would correspond to adding every two years a capacity of 70,000 new wafers per month from 2016/17 onwards, an average of 10% increased capacity per year. “