The European Chips Act: Will it bring Europe centerstage, or become the side-order everyone regrets?
Global demand for micro-chips has exploded. Today a worldwide shortage of semi-conductors is disrupting supply-chains of everything from cars to smartphones to the gaming consoles that normally see a peak in sales this time of year.
The political headache for the EU, however, is far bigger than a possible shortage of gadgets under the Christmas tree. For one, the shortages come at a time where Europe’s share across the semi-conductor value chain, from design to manufacturing capacity, has shrunk, leaving Europe dependent on chips from Asia for delivering on both its digital and green transitions. In addition, the havoc wretched by Covid-19 on production lines all but drove home the message that being dependent is being vulnerable, not least in a global environment characterized by trade wars and geopolitical power games.
It is against this backdrop that European Commission president von der Leyen in September announced a European Chips Act to link together European investment, research, design and testing capacities. The medium-to-long-term aim is to jointly create a state-of-the-art European chip ecosystem, including production. Proponents say this will give Europe its security of supply. Opponents say it will fail to guarantee supply, whilst making us poorer and less productive in the process.
To discuss the challenges ahead, the Institute of International and European Affairs (IIEA) in Ireland, and Think Tank EUROPA in Denmark, invite you to a webinar. Head of Cabinet of Commission vice-president Vestager, Kim Jørgensen, will set out the Commission’s strategic thinking behind the European Chips Act, followed by high-level interventions and debate with Deputy Director General of the Confederation of Danish Industry, Thomas Bustrup; and Director of Global Regulatory Affairs at Intel Corporation, Greg Salter.
This event is part of a project entitled Europe’s Digital Future, which is exploring the topic of digital sovereignty in Europe. The project is coordinated by the IIEA and supported by Google.
11.00 Welcome by Catharina Sørensen, Deputy Director of Think Tank EUROPA and moderator of the webinar; plus a brief introduction to the Europe’s Digital Future project by Prof. Joyce O’Connor, Chair of the IIEA’s Digital Policy Group
11.05 The WH’s of the European Chips Act: What is it, why is it and what about finance? Kim Jørgensen, Head of Cabinet of Commission Executive Vice-President Vestager
11.20 Is a Chips Act the right way forward? Views from Danish Industry. Thomas Bustrup, Deputy Director General of the Confederation of Danish Industry
11.35 Greg Salter, Director of Global Regulatory Affairs at Intel Corporation in Ireland
11.50 Discussion and closing remarks
The webinar will be recorded.