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― Pat Gelsinger, Intel CEO

Why Are Semiconductors Important?

Technology has never been more essential to daily life, with four key superpowers ― cloud, connectivity, artificial intelligence and the intelligent edge ― set to transform the world. Semiconductors are essential to all of those.

The adoption of digital technologies has been further accelerated by the pandemic, as the worlds of work, education and entertainment shift to online formats.

Computing permeates all our interactions ― the global communications network, every retail experience, vehicle, hospital, farm and factory floor ― creating societal and economic value around the globe. It also powers the advanced technologies that keep us healthy, safe and more environmentally sustainable.

Our ability to meet this increase in the need for computing power depends on semiconductors.

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The EU Commission proposes Chips Act to strengthen Europe's technological leadership and tackle semiconductor shortages.

The proposal is a catalyst for future EU-wide critical R&D and manufacturing investments from Intel and others in the semiconductor industry.

Intel wants to massively expand its production facilities in Europe, focusing on next-generation microchips measuring two nanometres and smaller, thus competing with Asian manufacturers who currently produce them at three nanometres.

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Why Are Semiconductors Important?

EU Chips Act: Europe's plan to regain global leadership in semiconductors

Intel welcomes the EU proposal for a Chips Act

Euractiv: Intel plans billion-euro investment in next-generation microchips on EU soil