📊Executive Summary

The article discusses the European Union's strategy to address the ongoing semiconductor shortage, highlighting initiatives aimed at increasing domestic production capacity and reducing reliance on non-EU suppliers. It emphasizes the importance of semiconductor manufacturing for the EU's economy and technological sovereignty, detailing plans for investment in new fabs and collaboration with industry stakeholders. The EU aims to boost its semiconductor market share from 10% to 20% by 2030, which could significantly impact procurement strategies for companies reliant on semiconductor supply chains....