Where: Brussels, Belgium
Topic: Business | Economy, finance, tax and competition
Organiser: European Commission
On 23 May the European Commission will adopt a Communication outlining a strategy to strengthen the competitiveness and growth capacity of the micro and nanoelectronics industry in Europe. Today's cars, planes, and trains are safer, more energy-efficient and comfortable thanks to their electronic parts. The same applies to medical and health equipment, home appliances, energy networks and security systems. This is why the area of micro and nanoelectronics is a Key Enabling Technology (KET) and is essential for growth and jobs in the EU. The strategy will aim to attract higher public and private investment and will span policy instruments at regional, national and EU level, including financial support for research, development and innovation (R&D&I), access to capital investment and the improvement and better use of existing legislation. The strategy will cover the whole value chain from material and equipment manufacturing to design and volume production of components and systems.
Micro and nanoelectronics underpin a significant part of the worldwide economy. Their role will continue to grow as future products and services become more digital. The global turnover of the sector alone was around €230 billion in 2012. Despite the current economic climate, the worldwide market for micro and nanoelectronics has grown by 5% per year since 2000. Further growth of at least the same magnitude is predicted for the remaining part of the current decade. In Europe, more than 240.000 people are directly employed in micro and nanoelectronics.
Press conference with Vice President Neelie Kroes on Thursday 23 May at 11.30 and technical briefing off-the-record at 13.00, both in the Berlaymont press room. A press release and background MEMO will be available on the day.