Europe is striving to become a major player in the global semiconductor industry, setting a goal to produce 20 percent of the world’s semiconductors by value by 2030. While the region currently has lower semiconductor revenue compared to other regions, it possesses key strengths that could help it achieve this ambitious target.
An area where Europe shines is in the production of chips for the automotive industry. Companies like NXP Semiconductors in the Netherlands and Infineon in Germany specialize in manufacturing chips for cars. With the automotive industry increasingly dependent on semiconductor technology, Europe’s expertise in this field positions it well for growth and innovation.
Currently, the global semiconductor industry is dominated by companies from North America and the Asia-Pacific region. China, Japan, South Korea, and Taiwan are among the biggest markets for semiconductor equipment spending. However, Europe is determined to carve out a larger share of this competitive industry.
One of the few European semiconductor powerhouses is ASML, a chip-making machine manufacturer based in the Netherlands. ASML is renowned for producing extreme ultraviolet lithography (EUV) machines, which are crucial for the fabrication of advanced semiconductors. Its presence highlights Europe’s capability to contribute significantly to the semiconductor ecosystem.
Meanwhile, China remains the leader in semiconductor sales, with the country accounting for the largest share in 2022 at $185.5 billion. The rest of the Asia-Pacific region recorded $153.1 billion in semiconductor sales, while the Americas amounted to $142.7 billion.
Taiwan Semiconductor Manufacturing Company (TSMC), a global semiconductor foundry leader, had a strong foothold in the North American market in 2022, generating around 68 percent of its net profit from the region. TSMC also commanded a 56 percent market share in the global advanced, specialty, and advanced packaging technologies market that year.
As of January 2024, Nvidia, a renowned semiconductor company, held a prominent position in terms of market capitalization. TSMC, Broadcom, Samsung, and ASML also ranked among the leading semiconductor players. This diverse mix of companies illustrates the comprehensive and intricate nature of the semiconductor industry, featuring firms from various segments of the chip ecosystem.
Europe’s ambitious goal to enhance its semiconductor industry is an exciting endeavor that could unlock new opportunities and technological advancements. With its expertise in automotive chip manufacturing and the presence of innovative companies like ASML, Europe is positioned to make significant strides in the global semiconductor landscape.
The source of the article is from the blog procarsrl.com.ar