Neelie Kroes talks up European tech initiative@ 2013/10/04
In a short video, she said Europe had to pool its resources in the initiative, launched in May, with an ambitious roadmap intended to double semiconductor production here in a bid to catch up with the USA.
The real name of the project is the Public Private partnership on electronic components and systems - or Ecsel for short.
Khalil Rouhana, VP of the Digital Agenda, European Commissioner, said that the sector is essential for all of the economies in the bloc.
The aim is to reverse the trend of production capabilities in Europe. Europe is good in the automotive market but still manufactures a lot of logic technology. The EC will put €1.2 billion into the partnership, more money into graphene, and more R&D amounting to €3 billion over the next seven years.