The European Union is reportedly exploring the possibility of building an advanced semiconductor factory on European soil, with Samsung possibly participating in the project. With reference to representatives of the French Ministry of Finance, Bloomberg reported about it.
The EU is said to be considering building an advanced semiconductor factory to reduce its dependence on foreign manufacturers for 5G network solutions, high-performance computers and semiconductors for autonomous vehicles. However, it is not clear at the moment whether it would be a completely new plant or an existing one that would be used for a new purpose. Regardless, the preliminary plan is said to include the production of 10nm semiconductors and later smaller, possibly even 2nm solutions.
The initiative is led in part by European Internal Market Commissioner Thierry Breton, who said last year that "without an independent European capacity in microelectronics, there will be no European digital sovereignty". Last year, Breton also stated that the project could receive up to 30 billion euros (roughly 773 billion crowns) from public and private investors. It is said that 19 member countries have joined the initiative so far.
Samsung's participation in the project has not yet been confirmed, but the South Korean tech giant is not the only big player in the semiconductor world that could become key to the EU's plans to boost domestic semiconductor production. TSMC could also become its partner, however, neither it nor Samsung commented on the matter.
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