Monday, December 5, 2022
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European Union Launches Plan to Address Semiconductor Chip Shortage

A plan of 43 billion euros for the purpose of securing the supply of semiconductor chips of the European Union has been highlighted by the European Commission, and the European Chips Act has also set out the measures for the purpose of preventing, anticipating, preparing and also responding to the supply chain disruption in the future.

The plan is also going to be enabling the ambition of the European Union for doubling the current market share of the production of the semiconductors to around 20 percent by the year 2030.

The European Union is also aiming to bring around a thriving semiconductor industry from the research to the production along with creating a resilient supply chain and also developing the new markets for the Europen technology. The European Commission has also adopted the implementation of the decisions for the purpose of ensuring the radio spectrum policy of the European Union along with meeting the increasing demand for the broadband and innovative digital applications.

This initiative has also been making 900 MHz and 1800 MHz bands that is also available for use by the applications of 5G that has enabling better connectivity for the critical applications in the healthcare monitoring, care and diagnosis.

The digital transformation has also accelerated by the novel corona virus pandemic has also driven a significant increase in the demand for the semiconductor chips and the assurance and audit consultancy company known as ‘Deloitte’ has also predicting the use of the semiconductor in the healthcare industry is likely to increase.