A new parliamentary legislature is seen as an opportunity to strengthen the European Union (EU) by focusing on semiconductors, which are crucial for various industries and technologies in the region. Intel announces plans to invest over €50 billion in the EU to establish cutting-edge semiconductor manufacturing facilities, aiming to enhance the EU’s competitiveness and resilience.
Intel has a history of creating jobs, investing in R&D, and supporting educational programs in Europe. The company’s existing facility in Ireland is a key player in the semiconductor industry, with future investments planned in Poland and Germany. The EU Chip Law aims to double Europe’s global market share in semiconductor manufacturing capacity by 2030, with Intel playing a significant role in achieving this goal.
Intel emphasizes four key priorities for Europe to strengthen its technology sector: improving competitiveness, fostering sustainable growth, promoting innovation, and enhancing global cooperation. The company’s white paper provides practical recommendations to address these priorities and create a conducive business environment for innovation, job creation, and investment.
To boost European competitiveness, Intel suggests optimizing the business environment, simplifying bureaucratic procedures, and reforming labor markets. Enhancing industrial expenditures, developing a skilled workforce, and ensuring consistency in EU regulations are crucial aspects to increase European competitiveness.
Intel is committed to achieving net-zero GHG emissions by 2040, aligning with the EU’s ambitious climate goals outlined in the European Green Deal. The company believes technology is essential for the green and digital transitions, and sustainability is integral to its business planning.
Investment in research and development is a key driver of innovation and economic growth in the EU. Intel stresses the importance of ramping up investment in innovation, particularly in advanced technologies like quantum computing. The company also supports the development of a stronger European venture capital market to fund startups and scale-ups.
The EU’s AI regulation sets a global precedent in regulating AI development and use. Intel highlights the importance of effective implementation of the AI law, including adequate resources, trained staff, and alignment with international standards. The EU should actively engage in global discussions on AI governance to ensure the law’s smooth application.
Promoting global collaboration, especially in new industries like semiconductors, is crucial for Europe’s competitiveness. Strengthening transatlantic alliances, establishing unified EU stances on export controls and managing foreign investments are essential steps for Europe to maintain its edge in the global market.
The new legislative phase for the EU presents an opportunity to enhance Europe’s competitiveness by fostering international alliances, creating a supportive business climate, and promoting public-private collaborations. The digital and green sectors, with a focus on semiconductors, are expected to drive job creation and investment, contributing to sustainable development in Europe.
Intel’s white paper provides detailed policy recommendations for a competitive and resilient Europe, emphasizing the importance of strengthening the EU’s technology sector and fostering innovation.
Article Source
https://www.theparliamentmagazine.eu/partner/article/building-a-competitive-and-resilient-europe
